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

Redeia Corporación, S.A. (OTCMKTS:RDEIY) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 36,600 shares, an increase of 490.3% from the March 15th total of 6,200 shares. Based on an average daily trading volume, of 50,500 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the company are sold short.

Redeia Corporación Stock Up 7.0 %

Redeia Corporación stock traded up $0.74 during mid-day trading on Tuesday, reaching $11.30. 100,283 shares of the stock traded hands, compared to its average volume of 55,631. Redeia Corporación has a 12-month low of $8.03 and a 12-month high of $11.50. The business’s 50-day moving average is $9.39 and its 200-day moving average is $8.98.

About Redeia Corporación

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).