Corus Entertainment Inc. (OTCMKTS:CJREF – Get Free Report) 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.
Check Out Our Latest Stock Analysis on CJREF
Corus Entertainment Stock Performance
Corus Entertainment (OTCMKTS:CJREF – Get Free Report) 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.
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