Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Sees Significant Decrease in Short Interest

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 36,375 shares, a drop of 37.8% from the July 15th total of 58,487 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 68,193 shares, the days-to-cover ratio is presently 0.5 days.

Redeia Corporacion Price Performance

Shares of RDEIY opened at $8.76 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.17 and a debt-to-equity ratio of 1.02. The stock has a 50 day simple moving average of $8.77 and a 200 day simple moving average of $8.74. Redeia Corporacion has a 52-week low of $8.08 and a 52-week high of $11.04.

Redeia Corporacion Company Profile

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.