Corus Entertainment Inc. (OTCMKTS:CJREF) Sees Large Drop in Short Interest

Corus Entertainment Inc. (OTCMKTS:CJREF) was the target of a significant 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 volume of 15,200 shares, the short-interest ratio is presently 102.0 days.

Corus Entertainment Stock Performance

CJREF remained flat at $0.12 during trading on Friday. 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 two-hundred day simple moving average of $0.28. The stock has a market cap of $22.86 million, a price-to-earnings ratio of 3.89 and a beta of 1.78. Corus Entertainment has a 12 month low of $0.07 and a 12 month high of $0.93.

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

Analyst Ratings Changes

Separately, Scotiabank downgraded shares of Corus Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, June 10th.

About Corus Entertainment

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.