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

Iberdrola S.A. (OTCMKTS:IBDRY) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 61,456 shares, a growth of 268.9% from the August 15th total of 16,661 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 119,633 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Several research firms have commented on IBDRY. Citigroup raised shares of Iberdrola to a “hold” rating in a research note on Friday, June 26th. Barclays raised shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. Erste Group Bank raised Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Finally, Oddo Bhf downgraded Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Iberdrola presently has a consensus rating of “Hold”.

Iberdrola Trading Up 0.7%

OTCMKTS:IBDRY traded up $0.68 during mid-day trading on Friday, reaching $93.76. 58,896 shares of the company’s stock traded hands, compared to its average volume of 67,472. Iberdrola has a 12-month low of $72.48 and a 12-month high of $100.64. The firm has a market capitalization of $156.42 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.34 and a beta of 0.63. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.75 and a quick ratio of 0.63. The company has a 50 day moving average price of $94.72 and a 200-day moving average price of $93.51.

Iberdrola (OTCMKTS:IBDRY) last posted its earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.02). The business had revenue of $11.93 billion for the quarter, compared to analysts’ expectations of $12.08 billion. Iberdrola had a net margin of 15.59% and a return on equity of 9.88%. On average, sell-side analysts predict that Iberdrola will post 4.63 earnings per share for the current year.

About Iberdrola

Iberdrola, SA is a Spanish multinational energy company headquartered in Bilbao. Its principal activities include electricity generation, transmission and distribution, renewable energy development, and the sale of electricity and related energy services to residential, commercial and industrial customers.

The company operates a diversified generation portfolio that includes onshore and offshore wind, solar power, hydroelectric facilities and nuclear energy. Iberdrola also develops and manages electricity networks and invests in grid modernization, digital infrastructure and other technologies that support the transition to lower-carbon energy systems.

Iberdrola serves customers and operates energy infrastructure across several markets, including Spain, the United Kingdom, the United States, Brazil, Mexico and Australia, as well as other European countries.