Cineplex Inc. (OTCMKTS:CPXGF) Sees Significant Drop in Short Interest

Cineplex Inc. (OTCMKTS:CPXGF) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 2,200,800 shares, a decrease of 12.5% from the May 31st total of 2,514,800 shares. Based on an average daily trading volume, of 22,200 shares, the short-interest ratio is presently 99.1 days.

Cineplex Stock Performance

CPXGF traded up $0.13 on Friday, reaching $5.99. 2,845 shares of the company’s stock were exchanged, compared to its average volume of 20,003. Cineplex has a twelve month low of $5.21 and a twelve month high of $7.24. The stock’s fifty day moving average price is $5.91 and its 200-day moving average price is $5.90.

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.