Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Short Interest Up 148.5% in May

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) was the target of a large growth in short interest during the month of 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 shares of the stock are sold short. Based on an average trading volume of 193,195 shares, the short-interest ratio is presently 0.1 days.

Redeia Corporacion Stock Performance

Redeia Corporacion stock traded up $0.02 during trading hours on Friday, hitting $8.75. The stock had a trading volume of 42,810 shares, compared to its average volume of 100,035. The business’s 50 day simple moving average is $8.65 and its 200-day simple moving average is $8.75. 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 current ratio of 1.23 and a quick ratio of 1.17.

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.