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

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 21,500 shares, an increase of 28.0% from the May 15th total of 16,800 shares. Based on an average trading volume of 127,500 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Redeia Corporacion Trading Up 1.6%

Shares of RDEIY stock opened at $10.69 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.14 and a debt-to-equity ratio of 0.98. The company has a fifty day moving average price of $10.40 and a two-hundred day moving average price of $9.41. Redeia Corporacion has a one year low of $8.03 and a one year high of $11.50.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas cut shares of Redeia Corporacion from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 6th.

Redeia Corporacion Company Profile

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).