Redeia Corporacion SA - Unsponsored ADR (OTCMKTS:RDEIY) Short Interest Up 28.0% in May

Redeia Corporacion SA - Unsponsored ADR (OTCMKTS:RDEIY - Get Free Report) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 21,500 shares, an increase of 28.0% from the May 15th total of 16,800 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 127,500 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

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

Redeia Corporacion Stock Performance

OTCMKTS:RDEIY traded up $0.17 during trading hours on Thursday, hitting $10.69. 38,106 shares of the company traded hands, compared to its average volume of 35,066. The firm's 50-day simple moving average is $10.41 and its 200-day simple moving average is $9.42. Redeia Corporacion has a one year low of $8.03 and a one year high of $11.50. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.18 and a quick ratio of 1.14.

About Redeia Corporacion

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).