Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Stock Short Interest Declines 68.5%

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) was the target of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 1,722 shares, a decline of 68.5% from the October 15th total of 5,463 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 406,782 shares, the short-interest ratio is currently 0.0 days.

Redeia Corporacion Trading Up 2.6%

Shares of RDEIY stock traded up $0.23 on Friday, reaching $8.96. 14,530 shares of the stock were exchanged, compared to its average volume of 95,628. The business’s 50 day moving average price is $8.45 and its 200 day moving average price is $8.67. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.12 and a current ratio of 1.18. Redeia Corporacion has a twelve month low of $8.04 and a twelve month high of $11.04.

About Redeia Corporacion

Redeia Corporación is a Spanish energy and telecommunications infrastructure group. Its principal activity is operating Spain’s high-voltage electricity transmission network and managing the electricity system, including balancing supply and demand and supporting the integration of renewable energy. Through its subsidiaries, Redeia also develops and operates electricity transmission assets in other countries, provides fiber-optic infrastructure services through Reintel, and offers satellite communications through Hispasat.