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

Iberdrola S.A. (OTCMKTS:IBDRY) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 16,661 shares, a drop of 72.4% from the July 30th total of 60,364 shares. Based on an average daily trading volume, of 110,954 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Iberdrola Trading Up 0.4%

OTCMKTS IBDRY traded up $0.39 during trading hours on Friday, reaching $93.91. The company’s stock had a trading volume of 77,441 shares, compared to its average volume of 88,937. The stock has a market cap of $156.67 billion, a P/E ratio of 19.90, a P/E/G ratio of 2.37 and a beta of 0.64. The firm has a fifty day simple moving average of $95.85 and a 200-day simple moving average of $93.64. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.75 and a quick ratio of 0.63. Iberdrola has a 52 week low of $72.48 and a 52 week high of $100.64.

Iberdrola (OTCMKTS:IBDRY) last posted its quarterly earnings data on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). Iberdrola had a net margin of 15.59% and a return on equity of 9.88%. The company had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.08 billion. Equities analysts forecast that Iberdrola will post 4.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.