Reading International, Inc. (NASDAQ:RDIB) Stock Short Interest Falls 45.9%

Reading International, Inc. (NASDAQ:RDIB) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 9,582 shares, a drop of 45.9% from the September 15th total of 17,713 shares. Based on an average daily volume of 38,679 shares, the short-interest ratio is currently 0.2 days.

Reading International Stock Down 0.8%

RDIB traded down $0.10 during trading hours on Wednesday, reaching $12.49. The company’s stock had a trading volume of 6,864 shares, compared to its average volume of 86,499. Reading International has a 52 week low of $8.00 and a 52 week high of $24.00. The company’s 50-day moving average is $13.45 and its 200-day moving average is $10.64.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Reading International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has a consensus rating of “Sell”.

Reading International Company Profile

Reading International, Inc is an entertainment and real estate company based in the United States. Through its cinema businesses, the company operates multiplex and boutique movie theaters under the Reading Cinemas and Angelika Film Center brands, offering theatrical film exhibition, food and beverage services, and related entertainment experiences.

Reading International operates cinemas in the United States, Australia, and New Zealand. Its Angelika venues are known for screening independent, foreign-language, and specialty films, while its Reading Cinemas locations generally serve broader local and regional markets.

The company also owns, develops, and manages a portfolio of commercial real estate, including retail, office, and other properties in the United States, Australia, and New Zealand.