Cineplex Inc. (OTCMKTS:CPXGF – Get Rating) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 456,200 shares, an increase of 94.3% from the April 30th total of 234,800 shares. Based on an average trading volume of 11,200 shares, the short-interest ratio is currently 40.7 days.
Shares of CPXGF opened at $9.85 on Friday. The firm has a fifty day simple moving average of $10.11 and a two-hundred day simple moving average of $10.22. Cineplex has a twelve month low of $8.57 and a twelve month high of $16.36.
Separately, Canaccord Genuity Group boosted their price objective on Cineplex from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Monday, May 16th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $16.75.
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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