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

Iberdrola S.A. (OTCMKTS:IBDRY) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 36,128 shares, an increase of 70.7% from the April 30th total of 21,168 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 271,433 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on IBDRY shares. The Goldman Sachs Group reiterated a “neutral” rating on shares of Iberdrola in a research note on Friday, February 27th. Barclays upgraded Iberdrola from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 26th. Finally, Erste Group Bank cut Iberdrola from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Iberdrola has a consensus rating of “Hold”.

Iberdrola Price Performance

IBDRY stock traded down $0.36 during trading hours on Wednesday, hitting $90.50. 14,229 shares of the stock traded hands, compared to its average volume of 99,382. The stock has a 50-day simple moving average of $92.26 and a 200 day simple moving average of $89.51. The company has a market cap of $152.90 billion, a P/E ratio of 22.29, a P/E/G ratio of 2.28 and a beta of 0.64. Iberdrola has a one year low of $69.66 and a one year high of $96.50. 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 posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.04). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.62 billion. Iberdrola had a return on equity of 9.88% and a net margin of 13.40%. Equities analysts forecast that Iberdrola will post 4.6 earnings per share for the current year.

Iberdrola Company Profile

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.