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

Iberdrola S.A. (OTCMKTS:IBDRY) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 33,200 shares, a decline of 38.6% from the September 15th total of 54,100 shares. Based on an average trading volume of 173,600 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 173,600 shares, the days-to-cover ratio is currently 0.2 days.

Iberdrola Stock Up 1.0%

Shares of Iberdrola stock opened at $79.37 on Friday. The firm’s 50 day moving average price is $75.72 and its 200-day moving average price is $73.41. The company has a quick ratio of 0.65, a current ratio of 0.75 and a debt-to-equity ratio of 0.78. Iberdrola has a 52-week low of $53.37 and a 52-week high of $79.86. The company has a market cap of $132.57 billion, a P/E ratio of 23.98, a PEG ratio of 2.41 and a beta of 0.79.

Iberdrola (OTCMKTS:IBDRY) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.04. Iberdrola had a net margin of 11.30% and a return on equity of 8.27%. The company had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.73 billion. On average, sell-side analysts predict that Iberdrola will post 3.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IBDRY has been the topic of a number of research reports. Zacks Research downgraded shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Iberdrola in a research note on Monday, September 29th. Finally, Oddo Bhf raised shares of Iberdrola from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 18th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

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.