Short Interest Update on Imax Corporation (IMAX)

Imax Corporation (IMAX) : The short interest in Imax Corporation (IMAX) has increased from 6,446,262 to 7,067,197 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 681,398 shares are traded daily in the stock and only 10 days are left for the shorts to cover. The short open interest is 12.3% of the total shares in the hands of the public. The shorts in the stock have gone up by 620,935 shares, which is an increase of 9.6% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Imax Corporation (NYSE:IMAX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.05 and $29.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.74, notching a gain of 2.50% for the day. The total traded volume was 1,235,550 . The stock had closed at $29.99 on the previous day.


In a related news, Cripps Andrew, (Executive Vice President) of Imax Corp, unloaded 31,175 shares at an average price of $33.5 on June 2, 2016. The total amount of the transaction was worth $1,044,363, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

IMAX Corporation is an entertainment technology company. The Company, along with its wholly owned subsidiaries, is specialized motion picture technologies and presentations. The Company operates through seven segments: the IMAX systems, the theater system maintenance, the joint revenue sharing arrangements, film production and IMAX DMR, film distribution, film post-production and other. The Companys businesses include the design and manufacture of theater systems (IMAX theater systems) and the sale, lease or contribution of those systems to customers, and the digital re-mastering of films into the IMAX format and the exhibition of those films in the IMAX theater network. Its trademarks include IMAX, IMAX Dome, IMAX 3D, IMAX 3D Dome, Experience It In IMAX, The IMAX Experience and An IMAX Experience, among others. The Company owns approximately 934 theater systems (828 commercial and 106 institutional) operating in 62 countries.

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