Short Interest in Iberdrola, S.A. (OTCMKTS:IBDSF) Drops By 36.1%

Iberdrola, S.A. (OTCMKTS:IBDSFGet Free Report) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 2,616,897 shares, a decrease of 36.1% from the November 30th total of 4,093,914 shares. Based on an average daily trading volume, of 24,478 shares, the short-interest ratio is currently 106.9 days. Based on an average daily trading volume, of 24,478 shares, the short-interest ratio is currently 106.9 days.

Iberdrola Trading Down 1.5%

IBDSF stock opened at $21.66 on Friday. Iberdrola has a 1-year low of $13.39 and a 1-year high of $22.18. The business’s 50-day moving average price is $20.87 and its two-hundred day moving average price is $19.44.

Iberdrola Company Profile

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Iberdrola (OTCMKTS:IBDSF) is a Spanish multinational electric utility company with core activities spanning the generation, transmission and distribution of electricity. The company has established itself as a global leader in renewable energy, particularly wind power, and maintains a diversified portfolio that includes hydroelectric, solar and conventional thermal generation assets. In addition to power generation, Iberdrola provides integrated energy services and solutions for residential, commercial and industrial customers.

The company’s operations extend across Europe, North America and Latin America.

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