Short Interest Worth Watching: Cinedigm Corporation Class A (NASDAQ:CIDM) Can’t Be Less Risky. Short Interest Decreased

November 29, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Worth Watching: Cinedigm Corporation Class A (NASDAQ:CIDM) Can't Be Less Risky. Short Interest Decreased

The stock of Cinedigm Corporation Class A (NASDAQ:CIDM) registered a decrease of 1.69% in short interest. CIDM’s total short interest was 511,900 shares in November as published by FINRA. Its down 1.69% from 520,700 shares, reported previously. With 100,400 shares average volume, it will take short sellers 5 days to cover their CIDM’s short positions. The short interest to Cinedigm Corporation Class A’s float is 7.84%. About 19,447 shares traded hands. Cinedigm Corp (NASDAQ:CIDM) has declined 17.89% since April 26, 2016 and is downtrending. It has underperformed by 23.15% the S&P500.

Cinedigm Corp. is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to a range of titles and episodes released across various platforms. The company has a market cap of $14.15 million. The Company’s divisions include the first digital cinema deployment , the second digital cinema deployment (Phase II Deployment), digital cinema services (Services), and media content and entertainment group (Content & Entertainment). It currently has negative earnings. The Phase I Deployment and Phase II Deployment divisions are the non-recourse, financing vehicles and administrators for its digital cinema equipment (the Systems) installed in movie theatres.

Insitutional Activity: The institutional sentiment is 0 in 2016 Q2. Its the same as in 2016Q1. The ratio is flat, as 26 funds sold all Cinedigm Corp shares owned while 1 reduced positions. only 0 funds bought stakes while 0 increased positions. They now own 102,278 shares or 98.86% less from 8.96 million shares in 2016Q1.
Huntington Bank reported 89,913 shares or 0% of all its holdings. Matrix Asset accumulated 12,365 shares or 0% of the stock.

CIDM Company Profile

Cinedigm Corp., incorporated on March 31, 2000, is a distributor and aggregator of independent movie, television and other short form content managing a library of distribution rights to a range of titles and episodes released across digital, physical, and home and mobile entertainment platforms. As of March 31, 2016, the Company was a servicer of digital cinema assets on over 12,000 domestic and foreign movie screens. The Firm operates through four divisions: the first digital cinema deployment (Phase I Deployment), the second digital cinema deployment (Phase II Deployment), digital cinema services (Services), and media content and entertainment group (Content & Entertainment). The Phase I Deployment and Phase II Deployment divisions are the non-recourse, financing vehicles and administrators for its digital cinema equipment (the Systems) installed in movie theatres throughout the United States and Canada, and in Australia and New Zealand. As of March 31, 2016, the Company’s Services segment provided fee support to over 12,000 movie screens in its Phase I Deployment and Phase II Deployment divisions, as well as directly to exhibitors and other third-party customers. The Company’s Content & Entertainment segment is engaged in ancillary market aggregation and distribution of entertainment content, and branded and curated over-the-top (OTT) digital network business providing entertainment channels and applications.

More important recent Cinedigm Corp (NASDAQ:CIDM) news were published by: Businesswire.com which released: “Cinedigm Corp. Announces 1-for-10 Reverse Stock Split” on May 09, 2016, also Businesswire.com published article titled: “Cinedigm Corp. Regains Compliance with NASDAQ Listing Requirements”, Seekingalpha.com published: “Cinedigm Registration To Put More Downward Pressure On Stock” on November 09, 2016. More interesting news about Cinedigm Corp (NASDAQ:CIDM) was released by: Forbes.com and their article: “Flush With New Cash, Historically Film-Focused Cinedigm Cuts To Streaming Future” with publication date: June 16, 2014.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Pete Kolinski


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>