Iberdrola, S.A. (OTCMKTS:IBDSF) Sees Significant Drop in Short Interest

Iberdrola, S.A. (OTCMKTS:IBDSF) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 1,437,400 shares, a drop of 19.7% from the July 15th total of 1,789,700 shares. Based on an average daily trading volume, of 14,900 shares, the days-to-cover ratio is presently 96.5 days.

Iberdrola Price Performance

OTCMKTS IBDSF traded up $0.15 on Friday, hitting $13.73. The stock had a trading volume of 3,390 shares, compared to its average volume of 19,881. The business’s fifty day moving average price is $13.15 and its 200 day moving average price is $12.61. Iberdrola has a 52-week low of $10.38 and a 52-week high of $13.81.

Iberdrola Company Profile

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.