Cineverse Corp. (NASDAQ:CNVS – Get Free Report) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 192,800 shares, a growth of 44.3% from the August 31st total of 133,600 shares. Based on an average daily volume of 60,400 shares, the short-interest ratio is presently 3.2 days.
Analysts Set New Price Targets
Separately, Benchmark reaffirmed a “speculative buy” rating and issued a $9.00 price target on shares of Cineverse in a research note on Tuesday, July 2nd.
Get Our Latest Analysis on Cineverse
Cineverse Price Performance
Cineverse (NASDAQ:CNVS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). The company had revenue of $9.13 million during the quarter. Cineverse had a negative return on equity of 19.19% and a negative net margin of 46.23%.
About Cineverse
Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services.
See Also
- Five stocks we like better than Cineverse
- Best Aerospace Stocks Investing
- Simon Property REIT: A Safe Bet for Growth and Steady Dividends
- What is a Special Dividend?
- CarMax’s Impressive Rally: What Investors Should Watch Next
- Golden Cross Stocks: Pattern, Examples and Charts
- MarketBeat Week in Review – 9/23 – 9/27
Receive News & Ratings for Cineverse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cineverse and related companies with MarketBeat.com's FREE daily email newsletter.