Iberdrola, S.A. (OTCMKTS:IBDRY) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 59,500 shares, a drop of 19.6% from the March 31st total of 74,000 shares. Based on an average daily volume of 131,300 shares, the days-to-cover ratio is currently 0.5 days.

IBDRY stock traded up $0.85 during trading on Tuesday, hitting $55.21. The company had a trading volume of 38,714 shares, compared to its average volume of 80,023. The firm has a market cap of $87.65 billion, a PE ratio of 22.08 and a beta of 0.44. Iberdrola has a 1-year low of $36.26 and a 1-year high of $61.52. The firm has a 50-day moving average price of $53.74 and a 200-day moving average price of $53.84. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 0.72.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings data on Wednesday, February 24th. The utilities provider reported $0.67 earnings per share for the quarter. Iberdrola had a return on equity of 7.63% and a net margin of 10.44%. The company had revenue of $10.61 billion for the quarter.

Several equities research analysts recently commented on IBDRY shares. UBS Group reaffirmed a “buy” rating on shares of Iberdrola in a report on Monday, April 19th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Iberdrola in a research note on Tuesday, April 6th. HSBC lowered Iberdrola from a “buy” rating to a “hold” rating in a research report on Tuesday, March 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Iberdrola in a report on Friday, March 26th. Finally, Barclays restated an “overweight” rating on shares of Iberdrola in a research note on Tuesday, January 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company’s stock. Iberdrola presently has an average rating of “Hold”.

Iberdrola Company Profile

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain and internationally. It generates and markets electrical power using renewable sources, such as onshore and offshore wind, hydro, solar photovoltaic, combined cycle gas, nuclear, and biomass, as well as through installation of batteries.

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