Redeia Corporación, S.A. (OTCMKTS:RDEIY) Short Interest Up 37.7% in April

Redeia Corporación, S.A. (OTCMKTS:RDEIY) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 21,200 shares, a growth of 37.7% from the March 31st total of 15,400 shares. Based on an average daily trading volume, of 35,500 shares, the days-to-cover ratio is presently 0.6 days.

Redeia Corporación Price Performance

OTCMKTS:RDEIY traded up $0.05 during midday trading on Monday, hitting $8.33. The company’s stock had a trading volume of 12,628 shares, compared to its average volume of 42,297. Redeia Corporación has a fifty-two week low of $7.50 and a fifty-two week high of $9.13. The firm’s 50 day moving average is $8.29 and its 200-day moving average is $8.15.

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).