Redeia Corporación, S.A. (OTCMKTS:RDEIY) Short Interest Up 490.3% in March

Redeia Corporación, S.A. (OTCMKTS:RDEIY - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 36,600 shares, an increase of 490.3% from the March 15th total of 6,200 shares. Based on an average daily volume of 50,500 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the stock are sold short.

Redeia Corporación Stock Performance

Shares of OTCMKTS:RDEIY traded up $0.09 on Friday, reaching $10.90. The company's stock had a trading volume of 16,960 shares, compared to its average volume of 55,568. The company has a 50-day simple moving average of $9.58 and a 200 day simple moving average of $9.02. Redeia Corporación has a 52-week low of $8.03 and a 52-week high of $11.50.

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).