Regal Entertainment Group (RGC) Short Interest Update

Tammy Harvey
December 6, 2017

Morgan Stanley upgraded shares of Regal Entertainment Group from an underweight rating to an equal weight rating and set a $17.00 price objective for the company in a report on Thursday, October 5th. As of November 15th, there was short interest totalling 34,536,188 shares, a growth of 28.8% from the October 31st total of 26,821,815 shares. With approval by shareholders of Regal and Cineworld and closing conditions, the deal is expected to close in 2018.

Regal Entertainment Group announced that its Board of Directors has authorized a share buyback program on Thursday, August 31st that allows the company to buyback $50.00 million in shares. Finally, KCG Holdings Inc. increased its stake in shares of Regal Entertainment Group by 69.5% in the third quarter. Regal Entertainment Group dipped to as low as $20.15 throughout the day and has returned 0.63% in this year.

The company had seen its current volume reaching at 5.93 million shares in the last trade. The Return on Equity (ROE) value stands at -16.4%. Based on an average daily volume of 5,155,221 shares, the days-to-cover ratio is now 6.7 days.

CNX Resources Corporation (NYSE:CNX) recent rally took place on significantly more volume which surged almost 4.6 million contracts on 04-Dec-17 versus its daily average of 3.94 million. The company had revenue of $716.00 million for the quarter, compared to analysts' expectations of $701.66 million.

Since the beginning of the calendar year, the stock is 0.63%. Investors of record on Monday, June 5th will be paid a dividend of $0.22 per share. California State Teachers Retirement System now owns 175,987 shares of the company's stock valued at $3,828,000 after buying an additional 1,700 shares during the last quarter. The ex-dividend date is Thursday, June 1st.

CNX Resources Corporation is maintained at an average hold rating by 9 stock analysts, and there are at least 3.05% of shares outstanding that are now legally short sold. Regal Entertainment Group's payout ratio is now 101.15%.

When it comes to the Analysis of a Stock, Price Target plays a vital role. If you are reading this report on another publication, it was illegally copied and reposted in violation of worldwide trademark and copyright law.

Following completion of the deal, Cineworld and Regal will have a combined 9,542 screens across the United States and Europe making it the second largest operator in the world by number of screens.

Other reports by Ligue1talk

Discuss This Article