Short Interest in Cineplex Inc. (OTCMKTS:CPXGF) Expands By 23.4%

Cineplex Inc. (OTCMKTS:CPXGF) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 2,514,800 shares, a growth of 23.4% from the May 15th total of 2,037,900 shares. Based on an average trading volume of 45,500 shares, the days-to-cover ratio is currently 55.3 days.

Cineplex Stock Down 2.1 %

Shares of OTCMKTS:CPXGF traded down $0.12 during midday trading on Friday, reaching $5.31. 29,971 shares of the company’s stock were exchanged, compared to its average volume of 19,324. The firm’s 50 day simple moving average is $5.93 and its two-hundred day simple moving average is $5.93. Cineplex has a fifty-two week low of $5.27 and a fifty-two week high of $7.24.

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.