Is Imax Corporation (NYSE:IMAX)’s Fuel Running High? Reports Show Less Sellers

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The stock of Imax Corporation (NYSE:IMAX) registered a decrease of 7.36% in short interest. IMAX’s total short interest was 3.25 million shares in September as published by FINRA. Its down 7.36% from 3.51M shares, reported previously. With 439,700 shares average volume, it will take short sellers 7 days to cover their IMAX’s short positions. The short interest to Imax Corporation’s float is 6.26%.

The stock increased 2.76% or $0.61 during the last trading session, reaching $22.71. About 113,028 shares traded. IMAX Corporation (NYSE:IMAX) has risen 3.29% since September 13, 2018 and is uptrending. It has outperformed by 3.29% the S&P500.

IMAX Corporation, together with its subsidiaries, operates as an entertainment technology firm specializing in motion picture technologies and presentations worldwide. The company has market cap of $1.39 billion. The firm operates through seven divisions: IMAX Systems, Theater System Maintenance, Joint Revenue Sharing Arrangements, Film Production and IMAX Digital Re-Mastering , Film Distribution, Film Post-Production, and Other. It has a 53.19 P/E ratio. The IMAX Systems segment designs, makes, sells, or leases IMAX theater projection system equipment.

More notable recent IMAX Corporation (NYSE:IMAX) news were published by: Seekingalpha.com which released: “IMAX +2% after earnings topper – Seeking Alpha” on July 30, 2019, also Finance.Yahoo.com with their article: “Don’t Buy IMAX Corporation (NYSE:IMAX) Until You Understand Its ROCE – Yahoo Finance” published on July 30, 2019, Fool.com published: “IMAX Earnings: Will a Strong Slate of Blockbusters Boost Its Results? – Motley Fool” on April 23, 2019. More interesting news about IMAX Corporation (NYSE:IMAX) were released by: Seekingalpha.com and their article: “Imax: Sadly Disappointing – Seeking Alpha” published on August 18, 2019 as well as Businesswire.com‘s news article titled: “IMAX® Enhanced Announces Global Expansion With New Streaming Platforms, Blockbuster Movies and Device Partners – Business Wire” with publication date: September 05, 2019.

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