Redeia Corporación, S.A. (OTCMKTS:RDEIY) Sees Large Growth in Short Interest

Redeia Corporación, S.A. (OTCMKTS:RDEIY) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 1,100 shares, a growth of 450.0% from the January 31st total of 200 shares. Based on an average daily trading volume, of 83,200 shares, the short-interest ratio is presently 0.0 days.

Redeia Corporación Stock Performance

Shares of RDEIY stock traded down $0.20 on Friday, reaching $8.82. 9,472 shares of the stock were exchanged, compared to its average volume of 68,518. Redeia Corporación has a twelve month low of $7.79 and a twelve month high of $9.78. The business’s 50 day moving average price is $8.46 and its 200 day moving average price is $8.91.

Redeia Corporación Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 22nd. Stockholders of record on Monday, January 6th were given a dividend of $0.1053 per share. The ex-dividend date was Monday, January 6th.

Analyst Upgrades and Downgrades

A number of research firms have commented on RDEIY. BNP Paribas upgraded Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Morgan Stanley downgraded shares of Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research note on Thursday, December 5th.

About Redeia Corporación

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).