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

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

Redeia Corporación Trading Up 1.4 %

OTCMKTS RDEIY traded up $0.12 during trading hours on Thursday, hitting $8.97. 13,005 shares of the company’s stock were exchanged, compared to its average volume of 32,322. The stock has a 50-day simple moving average of $8.94 and a 200 day simple moving average of $8.46. Redeia Corporación has a 1-year low of $7.50 and a 1-year high of $9.31.

Redeia Corporación Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Friday, June 28th will be given a $0.2784 dividend. 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).