Iberdrola S.A. (OTCMKTS:IBDRY) Sees Large Growth in Short Interest

Iberdrola S.A. (OTCMKTS:IBDRY) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 60,364 shares, a growth of 51.0% from the July 15th total of 39,966 shares. Based on an average daily trading volume, of 115,907 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Iberdrola Stock Performance

Shares of Iberdrola stock traded up $0.18 during trading on Tuesday, hitting $93.73. 6,437 shares of the stock were exchanged, compared to its average volume of 90,195. The stock’s fifty day moving average is $95.93 and its 200 day moving average is $93.46. The stock has a market cap of $156.37 billion, a PE ratio of 19.86, a P/E/G ratio of 2.36 and a beta of 0.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.75. Iberdrola has a 12 month low of $72.48 and a 12 month high of $100.64.

Iberdrola (OTCMKTS:IBDRY) last released 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). The firm had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.08 billion. Iberdrola had a return on equity of 9.88% and a net margin of 15.59%. As a group, sell-side analysts anticipate that Iberdrola will post 4.61 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.