Reading International, Inc. (NASDAQ:RDI) Short Interest Down 22.6% in February

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

Reading International Trading Up 2.6 %

RDI stock traded up $0.04 during midday trading on Thursday, reaching $1.37. The stock had a trading volume of 538 shares, compared to its average volume of 36,258. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 35.04. Reading International has a twelve month low of $1.22 and a twelve month high of $1.95. The firm has a market cap of $30.61 million, a price-to-earnings ratio of -0.73 and a beta of 1.62. The business has a fifty day simple moving average of $1.48 and a two-hundred day simple moving average of $1.53.

Institutional Investors Weigh In On Reading International

Several large investors have recently bought and sold shares of RDI. Gamco Investors INC. ET AL grew its stake 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 acquiring an additional 9,500 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Reading International by 19.1% during the 4th quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock valued at $301,000 after purchasing an additional 36,561 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Reading International by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock valued at $278,000 after purchasing an additional 19,224 shares during the period. MassMutual Private Wealth & Trust FSB bought a new stake in Reading International during the 4th quarter worth approximately $354,000. Finally, Krilogy Financial LLC increased its stake in Reading International by 11.6% during the 4th quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock worth $3,115,000 after purchasing an additional 246,000 shares in the last quarter. Institutional investors own 44.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.