Iberdrola, S.A. (OTCMKTS:IBDRY) Sees Significant Drop in Short Interest

Iberdrola, S.A. (OTCMKTS:IBDRY) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 6,000 shares, a decline of 33.3% from the February 28th total of 9,000 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 119,600 shares, the short-interest ratio is presently 0.1 days.

Iberdrola Stock Performance

Shares of Iberdrola stock traded up $1.50 during trading on Friday, hitting $64.97. 64,214 shares of the company’s stock traded hands, compared to its average volume of 101,662. Iberdrola has a 1 year low of $46.99 and a 1 year high of $65.27. The business has a 50-day simple moving average of $58.13 and a 200-day simple moving average of $57.93. The stock has a market capitalization of $104.61 billion, a P/E ratio of 14.87, a PEG ratio of 1.79 and a beta of 0.88. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.79 and a quick ratio of 0.69.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised shares of Iberdrola to a “hold” rating in a research report on Monday, December 2nd.

About Iberdrola

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.