Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Sees Large Decrease in Short Interest

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 46,121 shares, a decline of 52.3% from the August 31st total of 96,766 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 248,284 shares, the days-to-cover ratio is presently 0.2 days.

Redeia Corporacion Price Performance

Shares of RDEIY stock traded down $0.09 on Tuesday, reaching $8.36. The company had a trading volume of 142,375 shares, compared to its average volume of 85,073. The company has a 50-day moving average of $8.72 and a 200-day moving average of $8.67. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.17 and a current ratio of 1.23. Redeia Corporacion has a 12 month low of $8.08 and a 12 month high of $11.04.

Redeia Corporacion Company Profile

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.