Short Interest in Iberdrola S.A. (OTCMKTS:IBDRY) Increases By 51.0%

Iberdrola S.A. (OTCMKTS:IBDRY) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 60,364 shares, a growth of 51.0% from the July 15th total of 39,966 shares. Based on an average daily volume of 115,907 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

IBDRY has been the topic of several research reports. Citigroup upgraded Iberdrola to a “hold” rating in a research note on Friday, June 26th. Erste Group Bank upgraded Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Barclays upgraded shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 26th. Finally, Oddo Bhf cut shares of Iberdrola from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Iberdrola presently has an average rating of “Hold”.

Iberdrola Trading Down 0.2%

OTCMKTS:IBDRY opened at $93.39 on Wednesday. The firm has a market capitalization of $155.80 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.36 and a beta of 0.64. Iberdrola has a 1-year low of $72.48 and a 1-year high of $100.64. The business’s 50-day moving average price is $95.96 and its two-hundred day moving average price is $93.48. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.02). The firm had revenue of $11.93 billion during the quarter, compared to analyst estimates of $12.08 billion. Iberdrola had a net margin of 15.59% and a return on equity of 9.88%. On average, equities analysts expect that Iberdrola will post 4.61 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.