Cineverse Corp. (NASDAQ:CNVS – Get Free Report) was the target of a significant growth in short interest during the month of 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 trading volume, of 60,400 shares, the days-to-cover ratio is currently 3.2 days.
Analyst Ratings Changes
Separately, Benchmark reissued a “speculative buy” rating and issued a $9.00 price objective on shares of Cineverse in a report on Tuesday, July 2nd.
Read Our Latest Research Report on CNVS
Cineverse Trading Up 3.8 %
Cineverse (NASDAQ:CNVS – Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.07). Cineverse had a negative net margin of 46.23% and a negative return on equity of 19.19%. The business had revenue of $9.13 million for the quarter.
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.
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