Redeia Corporación, S.A. (OTCMKTS:RDEIY) Short Interest Up 416.7% in March

Redeia Corporación, S.A. (OTCMKTS:RDEIY - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 6,200 shares, a growth 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 presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Redeia Corporación Stock Up 1.5 %

OTCMKTS:RDEIY traded up $0.15 during trading hours on Friday, hitting $9.96. The stock had a trading volume of 17,515 shares, compared to its average volume of 53,185. The company has a 50 day simple moving average of $8.91 and a two-hundred day simple moving average of $8.92. Redeia Corporación has a one year low of $8.03 and a one year high of $10.02.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on RDEIY shares. 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 downgraded Redeia Corporación from an "equal weight" rating to an "underweight" rating in a research report on Thursday, December 5th.

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).