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

Redeia Corporación, S.A. (OTCMKTS:RDEIY) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 45,900 shares, a drop of 62.6% from the November 15th total of 122,700 shares. Based on an average trading volume of 119,800 shares, the short-interest ratio is presently 0.4 days.

Redeia Corporación Stock Down 0.7 %

RDEIY stock traded down $0.06 during trading on Friday, reaching $8.64. The company had a trading volume of 16,706 shares, compared to its average volume of 31,341. Redeia Corporación has a twelve month low of $7.68 and a twelve month high of $9.78. The firm has a 50-day simple moving average of $8.96 and a 200-day simple moving average of $9.10.

Redeia Corporación Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, January 22nd. Shareholders of record on Monday, January 6th will be issued a $0.1053 dividend. The ex-dividend date is Monday, January 6th.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. BNP Paribas raised Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd. Morgan Stanley downgraded Redeia Corporación from an “equal weight” rating to an “underweight” rating in a 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).