Short Interest in Iberdrola S.A. (OTCMKTS:IBDRY) Decreases By 46.7%

Iberdrola S.A. (OTCMKTS:IBDRY) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 40,404 shares, a decrease of 46.7% from the May 31st total of 75,765 shares. Based on an average daily volume of 202,340 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Iberdrola Price Performance

Iberdrola stock opened at $100.11 on Tuesday. The firm has a market capitalization of $169.13 billion, a P/E ratio of 24.66, a PEG ratio of 2.51 and a beta of 0.64. Iberdrola has a 1 year low of $69.66 and a 1 year high of $100.54. The business has a 50-day moving average of $93.10 and a 200-day moving average of $91.04. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 0.72.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share 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 analyst estimates of $13.62 billion. Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. On average, equities analysts anticipate that Iberdrola will post 4.59 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on IBDRY shares. Barclays raised Iberdrola from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Erste Group Bank raised shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Iberdrola

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.