Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Stock Short Interest Drops 84.5%

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

Redeia Corporacion Stock Up 1.5%

RDEIY stock opened at $8.34 on Tuesday. The stock has a 50-day moving average price of $8.49 and a 200-day moving average price of $8.67. Redeia Corporacion has a 1-year low of $8.04 and a 1-year high of $11.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.18 and a quick ratio of 1.12.

Redeia Corporacion Company Profile

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.