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

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

Redeia Corporacion Stock Performance

Redeia Corporacion stock opened at $8.51 on Wednesday. The business’s 50-day simple moving average is $8.76 and its 200 day simple moving average is $8.68. The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 1.02. Redeia Corporacion has a 12-month low of $8.08 and a 12-month high of $11.04.

About Redeia Corporacion

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.