Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY – Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 96,766 shares, an increase of 131.5% from the August 15th total of 41,791 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 124,574 shares, the days-to-cover ratio is presently 0.8 days.
Redeia Corporacion Price Performance
Shares of RDEIY opened at $8.53 on Monday. Redeia Corporacion has a 52-week low of $8.08 and a 52-week high of $11.04. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 1.02. The stock has a 50 day moving average price of $8.77 and a 200 day moving average price of $8.69.
About Redeia Corporacion
Redeia Corporación, SA is a Spanish infrastructure group focused on the operation, management and development of essential electricity and telecommunications networks. Through its principal subsidiary, Red Eléctrica, the company acts as Spain’s electricity transmission system operator and is responsible for managing and maintaining the country’s high-voltage transmission grid, supporting the reliability and integration of renewable energy into the power system.
The group also develops telecommunications infrastructure.
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