Cinedigm Corp – Class A (NASDAQ:CIDM) Sellers Strengthened Their Shorts By 50.81%

Cinedigm Corp. (NASDAQ:CIDM) Corporate Logo

Cinedigm Corp – Class A (NASDAQ:CIDM) had an increase of its short interest by 50.81%. FINRA published short interest of CIDM’s total 270,700 shares. The 179,500 previous shares are up with 50.81%. 5 days will cost CIDM with 54,200 average volume to recover its former position. Float short on Cinedigm Corp – Class A is 2.21%.

At traded at $0.8 lastly.It’s downtrending since January 14, 2018 and is 43.53% down. CIDM underperformed by 43.53% the S&P500.

Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content primarily in the United States.The firm is worth $28.41 million. The firm operates through four divisions: The First Digital Cinema Deployment, The Second Digital Cinema Deployment, Digital Cinema Services, and Media Content and Entertainment Group.Currently it has negative earnings. It manages a library of distribution rights to various titles and episodes released across digital, physical, and home and mobile entertainment platforms, as well as services digital cinema assets on approximately 12,000 domestic and foreign movie screens.

For more Cinedigm Corp. (NASDAQ:CIDM) news released briefly go to: Globenewswire.com, Globenewswire.com, Seekingalpha.com, Globenewswire.com or Globenewswire.com. The titles are as follows: “Research Report Identifies FS Investment, Zebra Technologies, Workday, Target, Cinedigm, and Tronox with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement – GlobeNewswire” released on October 24, 2018, “Erick Opeka Named President of Cinedigm Digital Networks – GlobeNewswire” on October 17, 2018, “Cinedigm Corp.’s (CIDM) CEO Chris McGurk on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” with a publish date: June 25, 2018, “Nelvana Inks Multi-Year U.S. Home Entertainment Library Deal – GlobeNewswire” and the last “Cinedigm Entertainment Acquires Michael Franti Documentary STAY HUMAN – GlobeNewswire” with publication date: December 14, 2018.

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