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

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 46,121 shares, a drop of 52.3% from the August 31st total of 96,766 shares. Based on an average daily trading volume, of 248,284 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Redeia Corporacion Stock Down 0.7%

Shares of Redeia Corporacion stock traded down $0.06 on Thursday, reaching $8.23. 5,087 shares of the stock were exchanged, compared to its average volume of 84,921. The firm’s 50 day moving average is $8.70 and its 200-day moving average is $8.67. Redeia Corporacion has a one year low of $8.08 and a one year high of $11.04. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.17 and a current ratio of 1.23.

About Redeia Corporacion

Redeia Corporación, SA is a Spanish infrastructure and energy-transition company formerly known as Red Eléctrica Corporación. Its core business is the operation and maintenance of Spain’s high-voltage electricity transmission network and the management of the Spanish electricity system through its subsidiary Red Eléctrica. The company supports the reliability, security and integration of renewable energy within the power system.

Redeia also operates telecommunications infrastructure through Reintel, which manages fiber-optic networks, and provides satellite communications services through Hispasat.