Iberdrola, S.A. (OTCMKTS:IBDRY) Short Interest Update

Iberdrola, S.A. (OTCMKTS:IBDRY) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 57,800 shares, a growth of 128.5% from the December 15th total of 25,300 shares. Based on an average daily trading volume, of 221,900 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Iberdrola in a research report on Wednesday, October 2nd. They issued a “hold” rating for the company. Royal Bank of Canada upgraded shares of Iberdrola to a “hold” rating in a report on Monday, December 2nd.

Iberdrola Stock Up 0.6 %

Shares of IBDRY traded up $0.33 during trading hours on Thursday, reaching $54.62. The stock had a trading volume of 85,413 shares, compared to its average volume of 96,325. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 0.67. The firm has a 50-day simple moving average of $55.87 and a 200 day simple moving average of $56.43. Iberdrola has a 12 month low of $45.19 and a 12 month high of $62.15. The company has a market capitalization of $86.90 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 1.77 and a beta of 0.81.

Iberdrola (OTCMKTS:IBDRY) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $0.88 earnings per share for the quarter. The company had revenue of $11.52 billion for the quarter. Iberdrola had a net margin of 14.67% and a return on equity of 10.67%. Equities research analysts predict that Iberdrola will post 3.56 earnings per share for the current fiscal year.

Iberdrola Company Profile

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.