Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Sees Large Decline in Short Interest

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 5,463 shares, a decline of 84.5% from the September 30th total of 35,327 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 320,240 shares, the days-to-cover ratio is presently 0.0 days.

Redeia Corporacion Trading Up 2.0%

Shares of OTCMKTS RDEIY traded up $0.17 during midday trading on Wednesday, hitting $8.38. The company’s stock had a trading volume of 1,020 shares, compared to its average volume of 97,107. The business’s fifty day simple moving average is $8.48 and its two-hundred day simple moving average is $8.67. Redeia Corporacion has a 1 year low of $8.04 and a 1 year high of $11.04.

About Redeia Corporacion

Redeia Corporación, formerly known as Red Eléctrica Corporación, is a Spanish infrastructure group focused on the operation and management of essential energy and communications networks. Its principal business is conducted through Red Eléctrica de España, which operates Spain’s high-voltage electricity transmission system and performs the national electricity system operator function. The company helps maintain grid reliability, manage electricity flows and support the integration of renewable energy into the power system.

Redeia also develops and manages telecommunications infrastructure.