Reading International, Inc. (NASDAQ:RDI) Short Interest Down 15.1% in March

Reading International, Inc. (NASDAQ:RDI) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 115,400 shares, a decrease of 15.1% from the February 28th total of 136,000 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 91,800 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of Reading International

Several hedge funds and other institutional investors have recently modified their holdings of RDI. Krilogy Financial LLC raised its position in shares of Reading International by 11.6% in the fourth quarter. Krilogy Financial LLC now owns 2,359,610 shares of the company’s stock valued at $3,115,000 after buying an additional 246,000 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Reading International during the 4th quarter worth $354,000. Wells Fargo & Company MN grew 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 during the last quarter. Geode Capital Management LLC lifted its stake 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 acquiring an additional 19,224 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Reading International by 3.6% during the 4th 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 in the last quarter. Institutional investors own 44.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Reading International in a research note on Wednesday, March 26th. They set a “sell” rating for the company.

Reading International Stock Up 0.7 %

Shares of NASDAQ:RDI traded up $0.01 during trading on Wednesday, hitting $1.38. 13,738 shares of the company were exchanged, compared to its average volume of 38,635. Reading International has a fifty-two week low of $1.22 and a fifty-two week high of $1.90. The stock has a market cap of $30.95 million, a price-to-earnings ratio of -0.73 and a beta of 1.62. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 35.04. The firm has a fifty day moving average price of $1.46 and a two-hundred day moving average price of $1.48.

Reading International (NASDAQ:RDI) last announced its quarterly earnings data on Monday, March 31st. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.31. Reading International had a negative net margin of 21.22% and a negative return on equity of 258.21%. The company had revenue of $58.58 million during the quarter, compared to the consensus estimate of $53.00 million.

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.