Cineplex Inc. (OTCMKTS:CPXGF) Sees Significant Decrease in Short Interest

Cineplex Inc. (OTCMKTS:CPXGF – Get Rating) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totalling 264,600 shares, a decline of 21.2% from the June 15th total of 335,600 shares. Based on an average daily volume of 23,500 shares, the short-interest ratio is presently 11.3 days.

Cineplex Price Performance

Cineplex stock opened at $8.60 on Tuesday. Cineplex has a 1 year low of $7.82 and a 1 year high of $12.75. The firm has a 50-day moving average of $9.04 and a two-hundred day moving average of $9.90.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price target on shares of Cineplex from C$17.00 to C$18.00 and gave the stock a “buy” rating in a research note on Monday, May 16th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $16.75.

Cineplex Company Profile

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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.