Redeia Corporación, S.A. (OTCMKTS:RDEIY) Short Interest Up 416.7% in March

Redeia Corporación, S.A. (OTCMKTS:RDEIY) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 6,200 shares, an increase of 416.7% from the February 28th total of 1,200 shares. Based on an average daily trading volume, of 49,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RDEIY shares. Morgan Stanley cut 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 report on Monday, December 2nd.

Redeia Corporación Price Performance

Shares of Redeia Corporación stock traded down $0.04 on Thursday, hitting $9.69. The stock had a trading volume of 18,542 shares, compared to its average volume of 54,404. Redeia Corporación has a twelve month low of $8.03 and a twelve month high of $9.81. The business’s 50 day moving average is $8.84 and its two-hundred day moving average is $8.92.

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).