As of Apr 16, 2018 Cinedigm Corp – Class A (NASDAQ:CIDM) Shorts Reduced By 3.67%

April 16, 2018 - By Joshua Cleveland

Cinedigm Corp. (NASDAQ:CIDM) Corporate Logo

Cinedigm Corp – Class A (NASDAQ:CIDM) registered a decrease of 3.67% in shorted shares. FINRA issued shorted shares of CIDM’s total 260,000 shares. The 269,900 previous shares are down with 3.67%. Former CIDM’s position will need 3 days to recover. It has 98,900 average volume. Float short on Cinedigm Corp – Class A is 2.1%.

The stock increased 1.47% or $0.02 during the last trading session, reaching $1.38.Currently Cinedigm Corp. is uptrending after 3.09% change in last April 16, 2017. CIDM has 5 shares volume. CIDM underperformed the S&P500 by 8.46%.

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 valued at $48.23 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.

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