Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Short Interest Update

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIYGet Free Report) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 24,659 shares, a growth of 148.5% from the May 14th total of 9,923 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 193,195 shares, the days-to-cover ratio is currently 0.1 days.

Redeia Corporacion Trading Down 0.2%

Shares of RDEIY stock traded down $0.02 during mid-day trading on Friday, hitting $8.68. 867 shares of the stock traded hands, compared to its average volume of 88,467. The stock’s fifty day moving average is $8.65 and its two-hundred day moving average is $8.75. 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 52-week low of $8.08 and a 52-week high of $11.04.

About Redeia Corporacion

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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.

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