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

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

Iberdrola Stock Up 0.5%

Shares of IBDRY traded up $0.45 during trading on Friday, reaching $93.97. The company’s stock had a trading volume of 103,541 shares, compared to its average volume of 66,173. The company has a market cap of $156.77 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 2.36 and a beta of 0.64. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average of $95.82 and a two-hundred day moving average of $93.64. Iberdrola has a twelve month low of $72.48 and a twelve month high of $100.64.

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

Wall Street Analyst Weigh In

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