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

Iberdrola S.A. (OTCMKTS:IBDRY) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 40,404 shares, a decline of 46.7% from the May 31st total of 75,765 shares. Based on an average trading volume of 202,340 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on IBDRY shares. Barclays upgraded Iberdrola from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Citigroup raised shares of Iberdrola to a “hold” rating in a research report on Friday, June 26th. Finally, Erste Group Bank upgraded shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Iberdrola Stock Down 2.5%

OTCMKTS:IBDRY traded down $2.48 during mid-day trading on Wednesday, hitting $97.42. 21,870 shares of the company’s stock were exchanged, compared to its average volume of 95,897. The company has a market cap of $164.59 billion, a PE ratio of 24.00, a P/E/G ratio of 2.54 and a beta of 0.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.87 and a quick ratio of 0.78. Iberdrola has a one year low of $69.66 and a one year high of $100.64. The business has a fifty day moving average price of $93.24 and a 200 day moving average price of $91.15.

Iberdrola (OTCMKTS:IBDRY) last released its earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.04). Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.62 billion. Equities analysts predict that Iberdrola will post 4.59 EPS for the current year.

Iberdrola Company Profile

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.