Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Short Interest Up 131.5% in August

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 96,766 shares, a growth of 131.5% from the August 15th total of 41,791 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 124,574 shares, the short-interest ratio is presently 0.8 days.

Redeia Corporacion Price Performance

Shares of OTCMKTS RDEIY opened at $8.44 on Tuesday. 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 twelve month low of $8.08 and a twelve month high of $11.04. The company has a 50 day moving average of $8.76 and a 200 day moving average of $8.69.

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.