Reading International Inc (NASDAQ:RDI) Sees Large Drop in Short Interest

Reading International Inc (NASDAQ:RDI) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 69,433 shares, a decrease of 25.8% from the January 29th total of 93,556 shares. Based on an average daily volume of 39,716 shares, the short-interest ratio is presently 1.7 days. Currently, 0.5% of the shares of the stock are short sold. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 39,716 shares, the short-interest ratio is presently 1.7 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Reading International in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Reading International currently has an average rating of “Sell”.

Reading International Stock Performance

Shares of RDI stock traded down $0.02 on Wednesday, hitting $1.02. The company had a trading volume of 6,035 shares, compared to its average volume of 31,826. Reading International has a twelve month low of $0.94 and a twelve month high of $1.65. The firm has a market cap of $23.17 million, a P/E ratio of -1.67 and a beta of 0.89. The stock’s 50-day moving average is $1.07 and its two-hundred day moving average is $1.27.

Institutional Investors Weigh In On Reading International

A number of institutional investors have recently modified their holdings of the company. Gamco Investors INC. ET AL raised its stake in Reading International by 20.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 332,100 shares of the company’s stock worth $349,000 after buying an additional 55,500 shares during the last quarter. Gabelli Funds LLC grew its holdings in Reading International by 26.9% during the 4th quarter. Gabelli Funds LLC now owns 85,000 shares of the company’s stock worth $89,000 after acquiring an additional 18,000 shares during the period. Krilogy Financial LLC grew its holdings in Reading International by 1.2% during the 4th quarter. Krilogy Financial LLC now owns 2,592,860 shares of the company’s stock worth $2,930,000 after acquiring an additional 30,410 shares during the period. Teton Advisors LLC bought a new position in shares of Reading International in the 3rd quarter worth about $223,000. Finally, Investment Counsel Co. of Nevada acquired a new position in shares of Reading International in the 2nd quarter valued at about $49,000. 44.70% of the stock is owned by institutional investors.

Reading International Company Profile

Reading International, Inc (NASDAQ: RDI) is a diversified entertainment and real estate company headquartered in Santa Monica, California. The company’s principal operating arm is Reading Cinemas, a chain of multiplex movie theaters serving audiences in Australia, New Zealand and the United States. Reading Cinemas locations feature a mix of mainstream and independent film programming, premium large-format screens, special event presentations and concession services designed to enhance the customer experience.

In addition to its exhibition business, Reading International maintains a real estate development and management division focused on retail, office and mixed-use properties.