Redeia Corporación, S.A. (OTCMKTS:RDEIY) Sees Large Increase in Short Interest

Redeia Corporación, S.A. (OTCMKTS:RDEIY) was the target of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,100 shares, an increase of 450.0% from the January 31st total of 200 shares. Based on an average daily trading volume, of 83,200 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

Redeia Corporación Trading Up 1.0 %

RDEIY stock traded up $0.09 during trading on Friday, reaching $8.91. The company’s stock had a trading volume of 32,392 shares, compared to its average volume of 67,590. The company’s fifty day moving average is $8.46 and its 200-day moving average is $8.91. Redeia Corporación has a 1 year low of $7.87 and a 1 year high of $9.78.

Redeia Corporación Cuts Dividend

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

About Redeia Corporación

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).