Redeia Corporación, S.A. (OTCMKTS:RDEIY) Short Interest Up 450.0% in February

Redeia Corporación, S.A. (OTCMKTS:RDEIY) saw a large 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 trading volume, of 83,200 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Several equities analysts recently commented on RDEIY shares. Morgan Stanley lowered shares of Redeia Corporación from an “equal weight” rating to an “underweight” rating in a research report on Thursday, December 5th. BNP Paribas upgraded shares of Redeia Corporación from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 2nd.

Redeia Corporación Trading Down 2.2 %

OTCMKTS RDEIY traded down $0.20 during trading hours on Thursday, hitting $8.82. The company’s stock had a trading volume of 9,472 shares, compared to its average volume of 68,518. The stock has a fifty day moving average of $8.45 and a 200 day moving average of $8.92. Redeia Corporación has a twelve month low of $7.79 and a twelve month high of $9.78.

Redeia Corporación Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, January 22nd. Investors of record on Monday, January 6th were given a dividend of $0.1053 per share. 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).