Reading International, Inc. (NASDAQ:RDIB) Stock Short Interest Falls 45.9%

Reading International, Inc. (NASDAQ:RDIB) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 9,582 shares, a decrease of 45.9% from the September 15th total of 17,713 shares. Based on an average trading volume of 38,679 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Reading International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Reading International Stock Performance

NASDAQ:RDIB traded down $0.10 during mid-day trading on Wednesday, hitting $12.49. 6,864 shares of the stock were exchanged, compared to its average volume of 86,499. The firm’s 50-day simple moving average is $13.45 and its 200 day simple moving average is $10.64. Reading International has a fifty-two week low of $8.00 and a fifty-two week high of $24.00.

About Reading International

Reading International, Inc is an entertainment and real estate company based in the United States. Through its cinema businesses, the company operates multiplex and boutique movie theaters under the Reading Cinemas and Angelika Film Center brands, offering theatrical film exhibition, food and beverage services, and related entertainment experiences.

Reading International operates cinemas in the United States, Australia, and New Zealand. Its Angelika venues are known for screening independent, foreign-language, and specialty films, while its Reading Cinemas locations generally serve broader local and regional markets.

The company also owns, develops, and manages a portfolio of commercial real estate, including retail, office, and other properties in the United States, Australia, and New Zealand.