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

Iberdrola S.A. (OTCMKTS:IBDRY) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 36,128 shares, an increase of 70.7% from the April 30th total of 21,168 shares. Based on an average daily trading volume, of 271,433 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IBDRY. Erste Group Bank downgraded Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Barclays raised Iberdrola from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Iberdrola in a report on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Iberdrola Trading Down 0.2%

Shares of OTCMKTS IBDRY opened at $90.68 on Thursday. The company has a market cap of $153.20 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 2.30 and a beta of 0.64. Iberdrola has a 12-month low of $69.66 and a 12-month high of $96.50. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. The stock’s 50 day simple moving average is $92.36 and its 200 day simple moving average is $89.62.

Iberdrola (OTCMKTS:IBDRY) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.15 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). Iberdrola had a return on equity of 9.88% and a net margin of 13.40%.The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.62 billion. Equities research analysts expect that Iberdrola will post 4.6 EPS for the current year.

About Iberdrola

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.