Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Sees Significant Growth in Short Interest

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 24,659 shares, a growth of 148.5% from the May 14th total of 9,923 shares. Based on an average daily volume of 193,195 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Redeia Corporacion Trading Down 0.2%

Shares of OTCMKTS RDEIY traded down $0.02 during midday trading on Friday, reaching $8.68. 867 shares of the company’s stock traded hands, compared to its average volume of 88,467. The stock’s 50 day simple moving average is $8.65 and its 200-day simple moving average is $8.75. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.23 and a quick ratio of 1.17. Redeia Corporacion has a one year low of $8.08 and a one year high of $11.04.

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.