Reading International, Inc. (NASDAQ:RDI) Short Interest Update

Reading International, Inc. (NASDAQ:RDI) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 112,500 shares, a decrease of 22.6% from the January 31st total of 145,400 shares. Based on an average daily trading volume, of 90,500 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Reading International in a report on Sunday. They set a “sell” rating for the company.

Reading International Trading Down 2.8 %

Shares of RDI opened at $1.40 on Tuesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 35.04. Reading International has a 12-month low of $1.22 and a 12-month high of $1.95. The firm has a 50-day moving average price of $1.47 and a 200 day moving average price of $1.54. The firm has a market capitalization of $31.40 million, a P/E ratio of -0.74 and a beta of 1.62.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Krilogy Financial LLC lifted its position in Reading International by 11.6% in the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock valued at $3,115,000 after buying an additional 246,000 shares during the last quarter. Wittenberg Investment Management Inc. lifted its position in Reading International by 1.4% in the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock valued at $2,541,000 after buying an additional 21,483 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Reading International by 3.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock valued at $359,000 after buying an additional 9,500 shares during the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in Reading International in the fourth quarter valued at about $354,000. Finally, Wells Fargo & Company MN lifted its position in Reading International by 19.1% in the fourth quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock valued at $301,000 after buying an additional 36,561 shares during the last quarter. Institutional investors and hedge funds own 44.70% of the company’s stock.

About Reading International

Reading International, Inc, together with its subsidiaries, focuses on the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.