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

Cineplex Inc. (OTCMKTS:CPXGF) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 1,185,900 shares, a decline of 24.6% from the August 15th total of 1,572,000 shares. Based on an average trading volume of 20,400 shares, the short-interest ratio is presently 58.1 days.

Cineplex Price Performance

Shares of Cineplex stock traded down $0.08 during trading on Tuesday, hitting $7.82. The stock had a trading volume of 33,000 shares, compared to its average volume of 21,005. Cineplex has a 12 month low of $5.21 and a 12 month high of $8.15. The firm’s fifty day simple moving average is $7.15 and its 200-day simple moving average is $6.27.

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.