Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Sees Significant Drop in Short Interest

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY – Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 46,121 shares, a drop of 52.3% from the August 31st total of 96,766 shares. Based on an average daily volume of 248,284 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Redeia Corporacion Stock Performance

Shares of RDEIY stock traded down $0.10 during trading hours on Wednesday, reaching $8.30. The company had a trading volume of 49,275 shares, compared to its average volume of 85,169. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.23 and a quick ratio of 1.17. The stock has a fifty day moving average of $8.71 and a 200-day moving average of $8.67. Redeia Corporacion has a 12-month low of $8.08 and a 12-month high of $11.04.

Redeia Corporacion Company Profile

(Get Free Report)

Redeia Corporación, SA is a Spanish infrastructure and energy-transition company formerly known as Red Eléctrica Corporación. Its core business is the operation and maintenance of Spain’s high-voltage electricity transmission network and the management of the Spanish electricity system through its subsidiary Red Eléctrica. The company supports the reliability, security and integration of renewable energy within the power system.

Redeia also operates telecommunications infrastructure through Reintel, which manages fiber-optic networks, and provides satellite communications services through Hispasat.

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