Short Interest in Redeia Corporación, S.A. (OTCMKTS:RDEIY) Expands By 490.3%

Redeia Corporación, S.A. (OTCMKTS:RDEIY) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 36,600 shares, a growth of 490.3% from the March 15th total of 6,200 shares. Based on an average daily volume of 50,500 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company’s stock are short sold.

Redeia Corporación Trading Up 7.0 %

Shares of Redeia Corporación stock traded up $0.74 during trading on Tuesday, hitting $11.30. 100,283 shares of the company’s stock traded hands, compared to its average volume of 55,631. Redeia Corporación has a 1 year low of $8.03 and a 1 year high of $11.50. The business has a 50-day simple moving average of $9.39 and a 200-day simple moving average of $8.98.

Redeia Corporación Company Profile

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).