Short Interest in Redeia Corporación, S.A. (OTCMKTS:RDEIY) Rises By 781.0%

Redeia Corporación, S.A. (OTCMKTS:RDEIY) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 51,100 shares, an increase of 781.0% from the June 15th total of 5,800 shares. Based on an average daily volume of 33,200 shares, the short-interest ratio is currently 1.5 days.

Redeia Corporación Stock Down 0.3 %

OTCMKTS RDEIY traded down $0.03 during trading hours on Friday, hitting $8.94. The company had a trading volume of 11,717 shares, compared to its average volume of 32,167. The firm’s 50 day moving average is $8.95 and its 200 day moving average is $8.47. Redeia Corporación has a fifty-two week low of $7.50 and a fifty-two week high of $9.31.

Redeia Corporación Increases Dividend

The business also recently announced a dividend, which will be paid on Tuesday, July 16th. Investors of record on Friday, June 28th will be issued a dividend of $0.2784 per share. This is an increase from Redeia Corporación’s previous dividend of $0.10. The ex-dividend date is Friday, June 28th.

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).