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

Cineplex Inc. (OTCMKTS:CPXGF) was the recipient of a large decrease in short interest in October. As of October 31st, there was short interest totalling 302,000 shares, a decrease of 9.9% from the October 15th total of 335,000 shares. Based on an average daily trading volume, of 14,700 shares, the short-interest ratio is presently 20.5 days.

Cineplex Stock Performance

Shares of OTCMKTS:CPXGF traded up $0.04 during trading hours on Monday, hitting $7.24. 23,000 shares of the company’s stock traded hands, compared to its average volume of 20,717. The company’s fifty day simple moving average is $7.65 and its two-hundred day simple moving average is $6.86. Cineplex has a 52 week low of $5.21 and a 52 week high of $8.20.

Cineplex Company Profile

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.