Reading International Inc (NASDAQ:RDI) Short Interest Update

Reading International Inc (NASDAQ:RDI) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 110,999 shares, a drop of 59.7% from the December 15th total of 275,230 shares. Based on an average daily trading volume, of 115,693 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.7% of the shares of the company are sold short. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 115,693 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of Reading International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mraz Amerine & Associates Inc. purchased a new position in Reading International in the second quarter worth $25,000. Investment Counsel Co. of Nevada bought a new position in shares of Reading International during the 2nd quarter valued at about $49,000. Teton Advisors LLC purchased a new position in shares of Reading International during the 3rd quarter valued at about $223,000. Finally, Krilogy Financial LLC lifted its position in Reading International by 12.5% in the 2nd quarter. Krilogy Financial LLC now owns 2,815,145 shares of the company’s stock worth $3,772,000 after buying an additional 312,535 shares during the last quarter. Hedge funds and other institutional investors own 44.70% of the company’s stock.

Reading International Price Performance

Shares of NASDAQ:RDI remained flat at $1.12 during midday trading on Friday. The company had a trading volume of 26,389 shares, compared to its average volume of 37,308. The business’s 50 day moving average price is $1.17 and its two-hundred day moving average price is $1.33. The company has a market capitalization of $25.45 million, a price-to-earnings ratio of -1.84 and a beta of 0.89. Reading International has a 12 month low of $1.00 and a 12 month high of $1.87.

Reading International (NASDAQ:RDI) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.09). The company had revenue of $52.17 million for the quarter, compared to the consensus estimate of $58.75 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Reading International in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Reading International has a consensus rating of “Sell”.

About Reading International

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.