Redeia Corporación, S.A. (OTCMKTS:RDEIY) Short Interest Down 56.9% in May

Redeia Corporación, S.A. (OTCMKTS:RDEIY - Get Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 16,800 shares, a decline of 56.9% from the April 30th total of 39,000 shares. Based on an average trading volume of 127,400 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company's shares are sold short.

Wall Street Analyst Weigh In

Separately, BNP Paribas cut shares of Redeia Corporación from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 6th.

Redeia Corporación Price Performance

Shares of RDEIY stock traded up $0.03 on Friday, hitting $10.30. The stock had a trading volume of 35,470 shares, compared to its average volume of 55,876. Redeia Corporación has a twelve month low of $8.03 and a twelve month high of $11.50. The company has a fifty day moving average price of $10.32 and a two-hundred day moving average price of $9.28.

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).