Short Interest in Corus Entertainment Inc. (OTCMKTS:CJREF) Drops By 6.0%

Corus Entertainment Inc. (OTCMKTS:CJREF) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 3,087,600 shares, a decline of 6.0% from the May 31st total of 3,283,700 shares. Based on an average daily trading volume, of 88,200 shares, the short-interest ratio is presently 35.0 days.

Analyst Ratings Changes

Separately, Scotiabank lowered shares of Corus Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, June 10th.

Corus Entertainment Stock Performance

Shares of OTCMKTS CJREF opened at $0.12 on Tuesday. The firm has a 50 day moving average of $0.29 and a 200 day moving average of $0.47. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.25. The firm has a market capitalization of $22.74 million, a price-to-earnings ratio of 0.68 and a beta of 1.75. Corus Entertainment has a 12-month low of $0.09 and a 12-month high of $1.25.

Corus Entertainment (OTCMKTS:CJREF) last announced its earnings results on Friday, April 12th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $222.79 million for the quarter. Corus Entertainment had a negative net margin of 29.80% and a positive return on equity of 9.65%.

Corus Entertainment Company Profile

Corus Entertainment Inc, a media and content company, operates specialty and conventional television networks, and radio stations in Canada and internationally. It operates in two segments, Television and Radio. The Television segment consists of specialty television networks, conventional television stations, digital and streaming platforms, a social digital agency, and a social media creator network; and provides technology and media services.