Reading International, Inc. (NASDAQ:RDIB) Shares Shorted: Short Interest Down 50.9% in September

Reading International, Inc. (NASDAQ:RDIB) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 17,713 shares, a decline of 50.9% from the August 31st total of 36,102 shares. Based on an average trading volume of 66,561 shares, the short-interest ratio is currently 0.3 days.

Reading International Price Performance

Shares of NASDAQ:RDIB traded up $0.91 during midday trading on Thursday, hitting $16.07. The company had a trading volume of 29,182 shares, compared to its average volume of 90,959. The business’s 50-day simple moving average is $12.55 and its 200-day simple moving average is $10.42. Reading International has a twelve month low of $8.00 and a twelve month high of $24.00.

Analyst Ratings Changes

Separately, Weiss Ratings raised Reading International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

About Reading International

Reading International, Inc is an entertainment and real estate company that operates cinemas and owns, develops, and manages real estate assets. Its cinema business provides theatrical exhibition services, including the presentation of mainstream, independent, foreign-language, and specialty films.

Through brands such as Reading Cinemas, Angelika Film Center, and Consolidated Theatres, the company operates cinemas in the United States, Australia, and New Zealand. Its venues generally offer stadium or reserved seating, digital projection, premium-format screens, food and beverage services, and other amenities designed to enhance the moviegoing experience.

Reading International also holds commercial real estate interests, including properties associated with its cinema operations and other development or investment projects.