Short Interest in Redeia Corporación, S.A. (OTCMKTS:RDEIY) Grows By 450.0%

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

Redeia Corporación Stock Down 2.2 %

OTCMKTS RDEIY traded down $0.20 during midday trading on Friday, hitting $8.82. 9,472 shares of the company traded hands, compared to its average volume of 68,518. The company’s 50-day simple moving average is $8.46 and its 200-day simple moving average is $8.91. Redeia Corporación has a 52 week low of $7.79 and a 52 week high of $9.78.

Redeia Corporación Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, January 22nd. Shareholders of record on Monday, January 6th were issued a $0.1053 dividend. The ex-dividend date of this dividend was Monday, January 6th.

Analyst Upgrades and Downgrades

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

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).