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

Reading International, Inc. (NASDAQ:RDI) saw a large 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 volume of 90,500 shares, the short-interest ratio is currently 1.2 days.

Reading International Stock Performance

RDI opened at $1.40 on Tuesday. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a fifty day moving average price of $1.47 and a 200 day moving average price of $1.54. Reading International has a 1 year low of $1.22 and a 1 year high of $1.95. The stock has a market cap of $31.40 million, a P/E ratio of -0.74 and a beta of 1.62.

Hedge Funds Weigh In On Reading International

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in Reading International by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 210,461 shares of the company’s stock worth $278,000 after acquiring an additional 19,224 shares during the period. Wells Fargo & Company MN raised its position in Reading International by 19.1% during the fourth quarter. Wells Fargo & Company MN now owns 227,755 shares of the company’s stock worth $301,000 after acquiring an additional 36,561 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new position in Reading International during the fourth quarter worth $354,000. Gamco Investors INC. ET AL raised its position in Reading International by 3.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 272,100 shares of the company’s stock worth $359,000 after acquiring an additional 9,500 shares during the period. Finally, Wittenberg Investment Management Inc. raised its position in Reading International by 1.4% during the third quarter. Wittenberg Investment Management Inc. now owns 1,558,791 shares of the company’s stock worth $2,541,000 after acquiring an additional 21,483 shares during the period. 44.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Reading International Company Profile

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.