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

Iberdrola S.A. (OTCMKTS:IBDRY) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 93,835 shares, a growth of 99.8% from the September 30th total of 46,962 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 139,067 shares, the days-to-cover ratio is currently 0.7 days.

Analysts Set New Price Targets

Several analysts recently commented on the stock. The Goldman Sachs Group raised shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. Oddo Bhf cut shares of Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday, July 23rd. Citigroup restated a “neutral” rating on shares of Iberdrola in a research report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft upgraded Iberdrola to a “buy” rating in a report on Tuesday, September 29th. Finally, Kepler Capital Markets cut Iberdrola from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Iberdrola Stock Performance

Shares of IBDRY traded up $0.32 during midday trading on Friday, reaching $98.88. 52,842 shares of the stock were exchanged, compared to its average volume of 82,378. The stock’s 50 day simple moving average is $94.45 and its 200 day simple moving average is $93.33. The company has a market cap of $164.96 billion, a P/E ratio of 21.88, a PEG ratio of 1.55 and a beta of 0.55. Iberdrola has a twelve month low of $80.64 and a twelve month high of $100.64. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 0.79.

Iberdrola (OTCMKTS:IBDRY) last released its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.06). Iberdrola had a net margin of 14.74% and a return on equity of 9.56%. The business had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.72 billion. On average, sell-side analysts expect that Iberdrola will post 4.63 earnings per share for the current year.

Iberdrola Company Profile

Iberdrola, SA is a Spanish energy company engaged in the generation, distribution and supply of electricity, with a strategic focus on renewable energy and regulated electricity networks. Its activities include onshore and offshore wind, solar power, hydroelectric generation, battery storage and other low-carbon energy technologies, as well as the development and operation of electricity transmission and distribution infrastructure.

The company also supplies electricity and related energy services to residential, commercial and industrial customers.