Cineplex Inc. (OTCMKTS:CPXGF – Get Rating) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 312,400 shares, an increase of 39.3% from the August 15th total of 224,200 shares. Based on an average trading volume of 3,600 shares, the short-interest ratio is presently 86.8 days.
Wall Street Analysts Forecast Growth
CPXGF has been the subject of several analyst reports. TD Securities reduced their price objective on Cineplex from C$18.50 to C$17.50 in a research note on Monday, August 22nd. Royal Bank of Canada raised Cineplex from a "sector perform" rating to an "outperform" rating in a research note on Monday, September 12th. Scotiabank reduced their price objective on Cineplex from C$16.00 to C$14.75 in a research note on Friday, August 19th. Finally, National Bank Financial reduced their price objective on Cineplex from C$19.00 to C$15.50 in a research note on Tuesday, July 19th.
Get Cineplex alerts:Cineplex Stock Performance
Shares of CPXGF stock traded down $0.14 during trading hours on Friday, reaching $7.11. 100 shares of the company's stock were exchanged, compared to its average volume of 4,748. The company's 50 day moving average is $7.96 and its two-hundred day moving average is $9.16. Cineplex has a 1 year low of $6.18 and a 1 year high of $12.47.
Cineplex Company Profile
(Get Rating)Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through four segments: Film Entertainment and Content, Media, Amusement and Leisure, and Location-Based Entertainment. The company engages in theatre exhibition and theatre food service activities.
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