Short Interest in Corus Entertainment Inc. (OTCMKTS:CJREF) Drops By 55.4%

Corus Entertainment Inc. (OTCMKTS:CJREF) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,549,800 shares, a decline of 55.4% from the August 15th total of 3,476,400 shares. Based on an average daily trading volume, of 15,200 shares, the short-interest ratio is presently 102.0 days.

Analysts Set New Price Targets

Separately, Scotiabank downgraded 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 remained flat at $0.12 during mid-day trading on Friday. 25,533 shares of the stock were exchanged, compared to its average volume of 8,145. The firm has a market capitalization of $22.86 million, a PE ratio of -0.07 and a beta of 1.78. Corus Entertainment has a 1-year low of $0.07 and a 1-year high of $0.93. The company has a debt-to-equity ratio of 2.25, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a fifty day simple moving average of $0.10 and a 200 day simple moving average of $0.28.

Corus Entertainment (OTCMKTS:CJREF) last announced its quarterly earnings results on Monday, July 15th. The company reported ($0.07) earnings per share (EPS) for the quarter. The firm had revenue of $243.51 million for the quarter. Corus Entertainment had a negative net margin of 51.50% and a positive return on equity of 1.27%.

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.