Corus Entertainment Inc. (OTCMKTS:CJREF) Short Interest Up 8.4% in June

Corus Entertainment Inc. (OTCMKTS:CJREF) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 3,346,200 shares, a growth of 8.4% from the June 15th total of 3,087,600 shares. Based on an average daily trading volume, of 346,000 shares, the days-to-cover ratio is presently 9.7 days.

Corus Entertainment Stock Performance

OTCMKTS CJREF traded down $0.04 on Tuesday, hitting $0.11. 490,625 shares of the stock were exchanged, compared to its average volume of 112,298. The business’s fifty day moving average is $0.24 and its 200 day moving average is $0.44. The company has a market capitalization of $21.72 million, a PE ratio of 0.88 and a beta of 1.75. Corus Entertainment has a 52 week low of $0.09 and a 52 week high of $1.18. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.65 and a quick ratio of 0.65.

Corus Entertainment (OTCMKTS:CJREF) last posted its earnings results on Friday, April 12th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $222.79 million for the quarter. Corus Entertainment had a positive return on equity of 9.65% and a negative net margin of 29.80%.

Wall Street Analysts Forecast Growth

Separately, Scotiabank cut shares of Corus Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, June 10th.

Corus Entertainment Company Profile

Corus Entertainment Inc, a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates in two segments, Television and Radio. The Television segment consists of specialty television networks, conventional television stations, digital and streaming platforms, a social digital agency, and a social media creator network; and provides technology and media services.