Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Stock Short Interest Falls 52.3%

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

Redeia Corporacion Price Performance

Shares of OTCMKTS RDEIY traded down $0.09 during mid-day trading on Tuesday, reaching $8.36. 142,375 shares of the company’s stock were exchanged, compared to its average volume of 85,073. Redeia Corporacion has a twelve month low of $8.08 and a twelve month high of $11.04. The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 1.02. The business has a fifty day simple moving average of $8.72 and a 200 day simple moving average of $8.67.

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.