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

Iberdrola S.A. (OTCMKTS:IBDRY) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 40,404 shares, a drop of 46.7% from the May 31st total of 75,765 shares. Based on an average daily volume of 202,340 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on IBDRY shares. Citigroup upgraded Iberdrola to a “hold” rating in a research report on Friday, June 26th. Erste Group Bank upgraded Iberdrola from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, Barclays raised Iberdrola from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Iberdrola Price Performance

IBDRY traded up $1.08 on Thursday, reaching $98.29. The company had a trading volume of 59,064 shares, compared to its average volume of 96,476. The company has a fifty day moving average of $93.31 and a 200-day moving average of $91.25. The company has a market capitalization of $166.06 billion, a P/E ratio of 24.21, a PEG ratio of 2.54 and a beta of 0.64. 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 has a one year low of $69.66 and a one year high of $100.64.

Iberdrola (OTCMKTS:IBDRY) last released its earnings results on Wednesday, April 29th. The utilities provider reported $1.15 EPS 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 for the quarter, compared to analyst estimates of $13.62 billion. As a group, equities research analysts anticipate that Iberdrola will post 4.59 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.