Benchmark Gives IMAX (IMAX) Lower Rating; Advisorshares Dorsey Wright Adr (NYSEARCA:AADR) SI Decreased By 27.21%

June 7, 2017 - By Stephen Andrade

Advisorshares Dorsey Wright Adr (NYSEARCA:AADR) had a decrease of 27.21% in short interest. AADR’s SI was 22,200 shares in June as released by FINRA. Its down 27.21% from 30,500 shares previously. With 22,800 avg volume, 1 days are for Advisorshares Dorsey Wright Adr (NYSEARCA:AADR)’s short sellers to cover AADR’s short positions. About 5,246 shares traded or Infinity% up from the average. WCM BNY Mellon Focused Growth ADR ETF (NYSEARCA:AADR) has risen 24.13% since June 7, 2016 and is uptrending. It has outperformed by 7.43% the S&P500.

Among 11 analysts covering IMAX (NYSE:IMAX), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. IMAX has $52 highest and $37 lowest target. $41.78’s average target is 70.53% above currents $24.5 stock price. IMAX had 24 analyst reports since July 21, 2015 according to SRatingsIntel. Dougherty & Company maintained the stock with “Buy” rating in Friday, October 16 report. The firm earned “Outperform” rating on Friday, April 21 by Wedbush. Stifel Nicolaus maintained it with “Buy” rating and $40 target in Wednesday, September 9 report. The stock has “Buy” rating by Canaccord Genuity on Tuesday, April 11. Roth Capital initiated the stock with “Buy” rating in Wednesday, July 20 report. On Monday, February 22 the stock rating was upgraded by Wedbush to “Outperform”. Macquarie Research maintained it with “Outperform” rating and $41 target in Wednesday, September 14 report. The firm earned “Buy” rating on Wednesday, September 9 by M Partners. Credit Suisse downgraded the shares of IMAX in report on Wednesday, February 1 to “Neutral” rating. The company was reinitiated on Friday, November 11 by Credit Suisse.

WCM/BNY Mellon Focused Growth ADR ETF is an exchange-traded fund. The ETF has market cap of $14.65 million. The Fund’s investment objective is long-term capital appreciation above international benchmarks, such as the MSCI EAFE Index and the BNY Mellon Classic ADR Index. It currently has negative earnings. The Fund provides large-capital growth portfolio for the non-United States universe.

About 597,321 shares traded. Imax Corp (USA) (NYSE:IMAX) has declined 15.66% since June 7, 2016 and is downtrending. It has underperformed by 32.36% the S&P500.

Analysts await Imax Corp (USA) (NYSE:IMAX) to report earnings on July, 19. They expect $0.26 earnings per share, up 188.89% or $0.17 from last year’s $0.09 per share. IMAX’s profit will be $16.87M for 23.56 P/E if the $0.26 EPS becomes a reality.

IMAX Corporation is an entertainment technology company. The company has market cap of $1.59 billion. The Firm operates through seven divisions: IMAX systems; theater system maintenance; joint revenue sharing arrangements; film production and IMAX DMR; film distribution; film post-production, and other. It has a 85.69 P/E ratio. The IMAX systems segment designs, makes, sells or leases IMAX theater projection system equipment.