Short Interest in Cineplex Inc. (OTCMKTS:CPXGF) Drops By 9.9%

Cineplex Inc. (OTCMKTS:CPXGF) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 302,000 shares, a decline of 9.9% from the October 15th total of 335,000 shares. Based on an average daily volume of 14,700 shares, the days-to-cover ratio is currently 20.5 days.

Cineplex Stock Performance

CPXGF traded up $0.04 on Monday, hitting $7.24. 23,000 shares of the company were exchanged, compared to its average volume of 20,717. The stock’s fifty day moving average is $7.65 and its 200-day moving average is $6.86. Cineplex has a 12 month low of $5.21 and a 12 month high of $8.20.

About Cineplex

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.