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

Iberdrola S.A. (OTCMKTS:IBDRY) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 39,524 shares, a drop of 35.7% from the August 31st total of 61,456 shares. Based on an average daily trading volume, of 159,870 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Several analysts have recently issued reports on IBDRY shares. The Goldman Sachs Group upgraded shares of Iberdrola to a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upgraded Iberdrola to a “buy” rating in a research report on Tuesday. Citigroup raised Iberdrola to a “hold” rating in a research note on Friday, June 26th. Erste Group Bank upgraded Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, Oddo Bhf lowered Iberdrola from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Iberdrola Stock Performance

Shares of Iberdrola stock opened at $93.22 on Thursday. The stock’s fifty day moving average is $93.71 and its two-hundred day moving average is $93.62. The company has a market capitalization of $155.52 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.62 and a beta of 0.63. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 0.79. Iberdrola has a 52 week low of $75.02 and a 52 week high of $100.64.

Iberdrola (OTCMKTS:IBDRY) last released its earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.02). Iberdrola had a return on equity of 9.88% and a net margin of 15.59%.The business had revenue of $11.93 billion for the quarter, compared to the consensus estimate of $12.08 billion. As a group, analysts expect that Iberdrola will post 4.69 earnings per share for the current year.

Iberdrola Company Profile

Iberdrola, SA is a Spanish energy company engaged in the generation, transmission, distribution and sale of electricity. Its activities include renewable power generation, particularly wind, solar and hydropower, as well as electricity networks and customer energy services. The company also develops and operates energy storage and other infrastructure supporting the transition to lower-carbon energy systems.

Headquartered in Bilbao, Spain, Iberdrola serves residential, commercial and industrial customers through operations in Spain, the United Kingdom, the United States, Brazil and other international markets.