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

Redeia Corporación, S.A. (OTCMKTS:RDEIY - Get Free Report) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 200 shares, a drop of 96.9% from the January 15th total of 6,400 shares. Based on an average daily volume of 172,100 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Several analysts recently weighed in on RDEIY shares. Morgan Stanley lowered Redeia Corporación from an "equal weight" rating to an "underweight" rating in a research note on Thursday, December 5th. BNP Paribas raised Redeia Corporación from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 2nd.

Redeia Corporación Price Performance

Shares of RDEIY traded down $0.10 during midday trading on Friday, reaching $8.57. The stock had a trading volume of 19,896 shares, compared to its average volume of 81,364. The company's 50-day moving average is $8.44 and its 200 day moving average is $8.92. Redeia Corporación has a 12-month low of $7.79 and a 12-month high of $9.78.

Redeia Corporación Cuts Dividend

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

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).