Iberdrola S.A. (OTCMKTS:IBDRY) Short Interest Update

Iberdrola S.A. (OTCMKTS:IBDRY) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 75,765 shares, an increase of 109.7% from the May 14th total of 36,128 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 173,360 shares, the days-to-cover ratio is presently 0.4 days.

Iberdrola Stock Performance

Iberdrola stock traded down $0.60 during trading hours on Friday, hitting $94.15. The company had a trading volume of 62,179 shares, compared to its average volume of 124,008. The firm has a market cap of $159.06 billion, a PE ratio of 23.19, a PEG ratio of 2.40 and a beta of 0.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.87 and a quick ratio of 0.78. Iberdrola has a one year low of $69.66 and a one year high of $96.50. The firm has a 50-day moving average of $92.69 and a 200 day moving average of $90.02.

Iberdrola (OTCMKTS:IBDRY) last released its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.04). Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.62 billion. On average, sell-side analysts expect that Iberdrola will post 4.6 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on IBDRY. Barclays raised shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Erste Group Bank cut shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Iberdrola in a research report on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About Iberdrola

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.