Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Short Interest Down 37.8% in July

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 36,375 shares, a decrease of 37.8% from the July 15th total of 58,487 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 68,193 shares, the days-to-cover ratio is currently 0.5 days.

Redeia Corporacion Price Performance

Shares of OTCMKTS:RDEIY opened at $8.73 on Wednesday. Redeia Corporacion has a 1 year low of $8.08 and a 1 year high of $11.04. 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 company’s 50 day simple moving average is $8.77 and its 200 day simple moving average is $8.74.

About Redeia Corporacion

Redeia Corporación (OTCMKTS:RDEIY) is a Spain-based energy infrastructure group principally engaged in the transmission of electricity, provision of telecommunications services through an extensive fiber-optic network, and transportation and distribution of natural gas. In its electricity transmission business, Redeia operates and maintains high-voltage lines and substations under long-term concession agreements, ensuring the reliable flow of power across the Iberian Peninsula. Its telecommunications arm leverages that same network infrastructure to serve both internal grid-management needs and third-party clients, supporting data traffic and digital services.