Cineplex Inc. (OTCMKTS:CPXGF – Get Rating) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 283,600 shares, an increase of 48.6% from the March 31st total of 190,900 shares. Based on an average trading volume of 1,300 shares, the short-interest ratio is presently 218.2 days.
Cineplex stock opened at $10.34 on Friday. The company’s 50-day moving average price is $10.43 and its two-hundred day moving average price is $10.46. Cineplex has a 52 week low of $8.57 and a 52 week high of $16.36.
Separately, Canaccord Genuity Group dropped their price objective on shares of Cineplex from C$19.00 to C$17.00 and set a “buy” rating on the stock in a report on Monday, February 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $15.40.
Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through four segments: Film Entertainment and Content, Media, Amusement and Leisure, and Location-Based Entertainment. The company engages in theatre exhibition and theatre food service activities.
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