Redeia Corporación, S.A. (OTCMKTS:RDEIY) Short Interest Update

Redeia Corporación, S.A. (OTCMKTS:RDEIY) saw a large 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 stock are short sold. Based on an average daily volume of 49,500 shares, the short-interest ratio is presently 0.1 days.

Redeia Corporación Stock Performance

Shares of OTCMKTS:RDEIY traded down $0.04 on Wednesday, hitting $9.69. 18,542 shares of the company were exchanged, compared to its average volume of 54,404. The company’s 50 day moving average price is $8.84 and its two-hundred day moving average price is $8.92. Redeia Corporación has a one year low of $8.03 and a one year high of $9.81.

Wall Street Analysts Forecast Growth

RDEIY has been the subject of several recent research reports. 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 raised shares of Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

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).