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

Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) was the recipient 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. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 193,195 shares, the days-to-cover ratio is presently 0.1 days.

Redeia Corporacion Trading Up 0.2%

Shares of OTCMKTS RDEIY opened at $8.75 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.23 and a debt-to-equity ratio of 1.02. Redeia Corporacion has a 1 year low of $8.08 and a 1 year high of $11.04. The firm’s 50-day moving average is $8.65 and its 200-day moving average is $8.75.

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.