Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Sees Large Increase in Short Interest

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 82,099 shares, a growth of 382.8% from the June 15th total of 17,006 shares. Based on an average daily trading volume, of 203,353 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s stock are short sold.

Redeia Corporacion Price Performance

RDEIY stock traded down $0.02 during trading on Monday, hitting $8.74. 67,755 shares of the company’s stock traded hands, compared to its average volume of 88,196. The business has a fifty day simple moving average of $8.63 and a two-hundred day simple moving average of $8.74. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.17 and a current ratio of 1.23. Redeia Corporacion has a 1 year low of $8.08 and a 1 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.