National CineMedia, Inc. Sees Large Decline in Short Interest
| NCMI Stock | USD 7.45 0.11 1.50% |
Under 53% of National CineMedia's traders are presently thinking to get in. The current sentiment regarding investing in National CineMedia stock implies that some traders are interested. National CineMedia's investing sentiment shows overall attitude of investors towards National CineMedia.
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National CineMedia, Inc. was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 6,540,000 shares, a decline of 19.6 percent from the May 31st total of 8,130,000 shares. Based on an average daily volume of 12,960,000 shares, the
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National CineMedia Fundamental Analysis
We analyze National CineMedia's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of National CineMedia using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of National CineMedia based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Asset
Current Asset Comparative Analysis
National CineMedia is currently under evaluation in current asset category among its peers. Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
National CineMedia Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with National CineMedia stock to make a market-neutral strategy. Peer analysis of National CineMedia could also be used in its relative valuation, which is a method of valuing National CineMedia by comparing valuation metrics with similar companies.
Peers
National CineMedia Related Equities
| MGOL | MGO Global | 2.25 | ||||
| BAOS | Baosheng Media | 0.60 | ||||
| CNET | ZW Data | 1.12 |
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