Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Stock Short Interest Declines 68.5%

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) was the target of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 1,722 shares, a drop of 68.5% from the October 15th total of 5,463 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 406,782 shares, the short-interest ratio is presently 0.0 days.

Redeia Corporacion Price Performance

RDEIY stock traded up $0.23 on Friday, hitting $8.96. The company’s stock had a trading volume of 14,530 shares, compared to its average volume of 95,628. The firm has a 50 day moving average of $8.45 and a two-hundred day moving average of $8.67. Redeia Corporacion has a 1 year low of $8.04 and a 1 year high of $11.04. The company has a quick ratio of 1.12, a current ratio of 1.18 and a debt-to-equity ratio of 0.89.

Redeia Corporacion Company Profile

Redeia Corporación is a Spanish energy and telecommunications infrastructure group. Its principal activity is operating Spain’s high-voltage electricity transmission network and managing the electricity system, including balancing supply and demand and supporting the integration of renewable energy. Through its subsidiaries, Redeia also develops and operates electricity transmission assets in other countries, provides fiber-optic infrastructure services through Reintel, and offers satellite communications through Hispasat.