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

Redeia Corporación, S.A. (OTCMKTS:RDEIY) was the recipient of a large increase in short interest in 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. Based on an average daily trading volume, of 49,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

RDEIY has been the topic of a number of recent research reports. BNP Paribas upgraded shares of Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 2nd. Morgan Stanley lowered shares of Redeia Corporación from an “equal weight” rating to an “underweight” rating in a report on Thursday, December 5th.

Redeia Corporación Stock Up 1.2 %

OTCMKTS RDEIY traded up $0.12 during trading on Friday, reaching $9.81. 20,533 shares of the company’s stock were exchanged, compared to its average volume of 53,820. Redeia Corporación has a 1 year low of $8.03 and a 1 year high of $9.82. The company has a 50 day moving average price of $8.87 and a two-hundred day moving average price of $8.92.

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).