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

Iberdrola S.A. (OTCMKTS:IBDRY) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 75,765 shares, an increase of 109.7% from the May 14th total of 36,128 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 173,360 shares, the short-interest ratio is currently 0.4 days.

Iberdrola Trading Up 1.5%

Shares of OTCMKTS IBDRY traded up $1.40 during trading hours on Monday, reaching $95.55. The stock had a trading volume of 10,531 shares, compared to its average volume of 98,010. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72. The firm has a market cap of $161.43 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 2.39 and a beta of 0.64. The business’s fifty day moving average price is $92.69 and its two-hundred day moving average price is $90.07. Iberdrola has a 52-week low of $69.66 and a 52-week high of $96.50.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.04). The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.62 billion. Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. Analysts expect that Iberdrola will post 4.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IBDRY. The Goldman Sachs Group restated a “neutral” rating on shares of Iberdrola in a research report on Friday, February 27th. Barclays upgraded Iberdrola from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Finally, Erste Group Bank lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock 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.