Redeia Corporación, S.A. (OTCMKTS:RDEIY) Sees Significant Increase in Short Interest

Redeia Corporación, S.A. (OTCMKTS:RDEIY - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,100 shares, an increase of 450.0% from the January 31st total of 200 shares. Based on an average daily volume of 83,200 shares, the days-to-cover ratio is presently 0.0 days.

Redeia Corporación Stock Down 0.4 %

Shares of RDEIY traded down $0.04 during trading hours on Monday, hitting $8.87. The company had a trading volume of 26,549 shares, compared to its average volume of 66,561. The stock's 50 day moving average price is $8.46 and its 200 day moving average price is $8.91. Redeia Corporación has a 52-week low of $7.95 and a 52-week high of $9.78.

Redeia Corporación Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 22nd. Investors of record on Monday, January 6th were paid a $0.1053 dividend. The ex-dividend date of this dividend was Monday, January 6th.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RDEIY. Morgan Stanley downgraded Redeia Corporación from an "equal weight" rating to an "underweight" rating in a research report on Thursday, December 5th. BNP Paribas raised Redeia Corporación from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 2nd.

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).