Redeia Corporacion SA – Unsponsored ADR (OTCMKTS:RDEIY) Shares Shorted: Short Interest Down 84.5% in October

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 15th, there was short interest totaling 5,463 shares, a decline of 84.5% from the September 30th total of 35,327 shares. Based on an average daily trading volume, of 320,240 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Redeia Corporacion Stock Performance

RDEIY opened at $8.41 on Thursday. The company’s 50-day simple moving average is $8.47 and its two-hundred day simple moving average is $8.66. 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 52-week low of $8.04 and a 52-week 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.