Iberdrola, S.A. (OTCMKTS:IBDSF – Get Free Report) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 1,800,987 shares, a drop of 31.2% from the December 15th total of 2,616,897 shares. Based on an average daily volume of 15,383 shares, the days-to-cover ratio is presently 117.1 days. Based on an average daily volume of 15,383 shares, the days-to-cover ratio is presently 117.1 days.
Iberdrola Stock Up 1.5%
IBDSF stock traded up $0.32 during midday trading on Friday, reaching $21.55. The company had a trading volume of 8,786 shares, compared to its average volume of 9,153. The company has a 50 day moving average of $21.33 and a two-hundred day moving average of $19.73. Iberdrola has a 1 year low of $13.51 and a 1 year high of $22.43.
About Iberdrola
Iberdrola (OTCMKTS:IBDSF) is a Spanish multinational electric utility company with core activities spanning the generation, transmission and distribution of electricity. The company has established itself as a global leader in renewable energy, particularly wind power, and maintains a diversified portfolio that includes hydroelectric, solar and conventional thermal generation assets. In addition to power generation, Iberdrola provides integrated energy services and solutions for residential, commercial and industrial customers.
The company’s operations extend across Europe, North America and Latin America.
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