Reading International Inc (NASDAQ:RDI) Short Interest Down 25.8% in February

Reading International Inc (NASDAQ:RDI) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 69,433 shares, a decline of 25.8% from the January 29th total of 93,556 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 39,716 shares, the days-to-cover ratio is presently 1.7 days. Based on an average trading volume of 39,716 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.5% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Reading International in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Reading International presently has a consensus rating of “Sell”.

Reading International Price Performance

Shares of RDI stock remained flat at $1.03 during trading on Monday. 10,441 shares of the company were exchanged, compared to its average volume of 31,148. Reading International has a 52-week low of $0.94 and a 52-week high of $1.65. The company has a fifty day simple moving average of $1.07 and a 200-day simple moving average of $1.27. The firm has a market cap of $23.40 million, a P/E ratio of -1.69 and a beta of 0.88.

Institutional Inflows and Outflows

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

About Reading International

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.