Short Interest in Iberdrola S.A. (OTCMKTS:IBDRY) Expands By 268.9%

Iberdrola S.A. (OTCMKTS:IBDRY) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 61,456 shares, an increase of 268.9% from the August 15th total of 16,661 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 119,633 shares, the short-interest ratio is presently 0.5 days.

Iberdrola Stock Up 0.7%

IBDRY traded up $0.68 on Friday, hitting $93.76. 58,896 shares of the company were exchanged, compared to its average volume of 67,472. The firm has a 50-day moving average price of $94.72 and a two-hundred day moving average price of $93.51. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. The company has a market cap of $156.42 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.63. Iberdrola has a twelve month low of $72.48 and a twelve month high of $100.64.

Iberdrola (OTCMKTS:IBDRY) last posted its quarterly earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The business had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.08 billion. Iberdrola had a net margin of 15.59% and a return on equity of 9.88%. On average, equities analysts predict that Iberdrola will post 4.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About Iberdrola

Iberdrola, SA is a Spanish multinational energy company headquartered in Bilbao. Its principal activities include electricity generation, transmission and distribution, renewable energy development, and the sale of electricity and related energy services to residential, commercial and industrial customers.

The company operates a diversified generation portfolio that includes onshore and offshore wind, solar power, hydroelectric facilities and nuclear energy. Iberdrola also develops and manages electricity networks and invests in grid modernization, digital infrastructure and other technologies that support the transition to lower-carbon energy systems.

Iberdrola serves customers and operates energy infrastructure across several markets, including Spain, the United Kingdom, the United States, Brazil, Mexico and Australia, as well as other European countries.