Reading International Inc (NASDAQ:RDI) Short Interest Update

Reading International Inc (NASDAQ:RDI) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 35,040 shares, a drop of 49.5% from the February 12th total of 69,433 shares. Based on an average daily volume of 22,912 shares, the short-interest ratio is currently 1.5 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 22,912 shares, the short-interest ratio is currently 1.5 days.

Reading International Stock Up 2.7%

NASDAQ RDI opened at $1.13 on Thursday. The company has a 50-day simple moving average of $1.07 and a two-hundred day simple moving average of $1.26. Reading International has a 12-month low of $0.94 and a 12-month high of $1.65. The firm has a market cap of $25.67 million, a price-to-earnings ratio of -1.85 and a beta of 0.89.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Reading International in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Reading International

Several institutional investors have recently bought and sold shares of the stock. Investment Counsel Co. of Nevada purchased a new position in Reading International in the 2nd quarter worth approximately $49,000. Teton Advisors LLC bought a new stake in Reading International in the third quarter valued at approximately $223,000. Krilogy Financial LLC boosted its stake in shares of Reading International by 1.2% during the fourth quarter. Krilogy Financial LLC now owns 2,592,860 shares of the company’s stock valued at $2,930,000 after purchasing an additional 30,410 shares during the period. Gabelli Funds LLC grew its holdings in shares of Reading International by 26.9% in the fourth quarter. Gabelli Funds LLC now owns 85,000 shares of the company’s stock worth $89,000 after purchasing an additional 18,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Reading International by 20.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 332,100 shares of the company’s stock worth $349,000 after purchasing an additional 55,500 shares during the last quarter. 44.70% of the stock is currently owned by hedge funds and other institutional investors.

Reading International Company Profile

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.