Redeia Corporación, S.A. (OTCMKTS:RDEIY) Sees Significant Increase in Short Interest

Redeia Corporación, S.A. (OTCMKTS:RDEIY) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 6,200 shares, an increase of 416.7% from the February 28th total of 1,200 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 49,500 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RDEIY shares. Morgan Stanley downgraded shares of Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research note on Thursday, December 5th. BNP Paribas upgraded shares of Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd.

Redeia Corporación Stock Down 0.5 %

RDEIY traded down $0.04 during trading on Thursday, reaching $9.69. 18,542 shares of the stock were exchanged, compared to its average volume of 54,404. The business’s 50 day moving average price is $8.84 and its two-hundred day moving average price is $8.92. Redeia Corporación has a 1 year low of $8.03 and a 1 year high of $9.81.

Redeia Corporación 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).