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

Redeia Corporación, S.A. (OTCMKTS:RDEIY) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 8,100 shares, a drop of 78.8% from the August 15th total of 38,200 shares. Based on an average daily volume of 22,000 shares, the days-to-cover ratio is currently 0.4 days.

Redeia Corporación Stock Performance

Redeia Corporación stock traded down $0.05 during midday trading on Thursday, reaching $9.55. 10,955 shares of the stock traded hands, compared to its average volume of 28,711. The company has a 50-day simple moving average of $9.11 and a two-hundred day simple moving average of $8.80. Redeia Corporación has a 12-month low of $7.50 and a 12-month high of $9.71.

Redeia Corporación Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 16th. Investors of record on Friday, June 28th were paid a dividend of $0.2784 per share. This is a boost from Redeia Corporación’s previous dividend of $0.10. The ex-dividend date of this dividend was Friday, June 28th.

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).