Redeia Corporación, S.A. (OTCMKTS:RDEIY) Short Interest Update

Redeia Corporación, S.A. (OTCMKTS:RDEIY) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 200 shares, a decrease of 96.9% from the January 15th total of 6,400 shares. Based on an average trading volume of 172,100 shares, the days-to-cover ratio is currently 0.0 days.

Redeia Corporación Stock Down 0.3 %

Shares of OTCMKTS RDEIY traded down $0.02 on Wednesday, hitting $8.43. The company’s stock had a trading volume of 61,627 shares, compared to its average volume of 85,901. Redeia Corporación has a 12-month low of $7.68 and a 12-month high of $9.78. The stock has a 50 day moving average of $8.46 and a 200-day moving average of $8.93.

Redeia Corporación Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 22nd. Investors of record on Monday, January 6th were issued a $0.1053 dividend. The ex-dividend date of this dividend was Monday, January 6th.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Morgan Stanley lowered shares of Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research note on Thursday, December 5th. BNP Paribas raised shares of Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd.

Redeia Corporación Company Profile

Redeia Corporación, SA engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally. The company operates through three segments: Management and Operation of National Electricity Infrastructure; Management and Operation of International Electricity Infrastructure; and Telecommunications (Satellites and Fibre Optic).