Reading International, Inc. (NASDAQ:RDI) Short Interest Update

Reading International, Inc. (NASDAQ:RDIGet Rating) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totalling 74,900 shares, an increase of 30.9% from the April 15th total of 57,200 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 21,500 shares, the short-interest ratio is currently 3.5 days.

Institutional investors and hedge funds have recently modified their holdings of the stock. Atria Wealth Solutions Inc. purchased a new stake in Reading International in the first quarter worth $54,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Reading International during the first quarter valued at $71,000. Gabelli Funds LLC increased its stake in shares of Reading International by 17.9% during the first quarter. Gabelli Funds LLC now owns 49,500 shares of the company’s stock valued at $212,000 after buying an additional 7,500 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Reading International by 4.1% during the first quarter. Gamco Investors INC. ET AL now owns 231,200 shares of the company’s stock valued at $990,000 after buying an additional 9,000 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Reading International by 89.7% during the first quarter. Vanguard Group Inc. now owns 608,778 shares of the company’s stock valued at $2,606,000 after buying an additional 287,907 shares during the period. Institutional investors own 48.96% of the company’s stock.

Shares of NASDAQ RDI traded up $0.04 during midday trading on Monday, reaching $3.56. 5 shares of the stock traded hands, compared to its average volume of 29,309. The company has a quick ratio of 1.82, a current ratio of 0.92 and a debt-to-equity ratio of 2.07. Reading International has a one year low of $3.36 and a one year high of $7.15. The company’s 50 day moving average is $4.13 and its 200 day moving average is $4.33.

Reading International (NASDAQ:RDIGet Rating) last posted its earnings results on Tuesday, May 10th. The company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.26). Reading International had a negative net margin of 1.52% and a negative return on equity of 34.87%.

Several equities research analysts have recently commented on RDI shares. TheStreet raised shares of Reading International from a “d” rating to a “c-” rating in a research report on Monday, April 11th. StockNews.com initiated coverage on shares of Reading International in a report on Friday. They issued a “sell” rating for the company.

About Reading International (Get Rating)

Reading International, Inc, together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.

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