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

Iberdrola S.A. (OTCMKTS:IBDRY) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 61,456 shares, an increase of 268.9% from the August 15th total of 16,661 shares. Based on an average daily volume of 119,633 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on IBDRY shares. Oddo Bhf downgraded Iberdrola from an “outperform” rating to a “neutral” rating in a report on Thursday, July 23rd. Erste Group Bank upgraded shares of 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 report on Tuesday, May 26th. Finally, Citigroup upgraded shares of Iberdrola to a “hold” rating in a report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Iberdrola currently has a consensus rating of “Hold”.

Iberdrola Stock Down 1.6%

IBDRY stock traded down $1.53 during midday trading on Monday, reaching $91.55. 3,527 shares of the company’s stock traded hands, compared to its average volume of 88,536. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 0.79. Iberdrola has a 52 week low of $72.48 and a 52 week high of $100.64. The company has a market cap of $152.73 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 2.32 and a beta of 0.63. The firm’s fifty day moving average price is $94.72 and its 200-day moving average price is $93.51.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.02). Iberdrola had a net margin of 15.59% and a return on equity of 9.88%. The business had revenue of $11.93 billion during the quarter, compared to the consensus estimate of $12.08 billion. As a group, sell-side analysts forecast that Iberdrola will post 4.71 earnings per share for the current fiscal year.

Iberdrola Company Profile

Iberdrola, SA is a Spanish multinational energy company headquartered in Bilbao. Its principal activities include electricity generation, transmission and distribution, renewable energy development, and the sale of electricity and related energy services to residential, commercial and industrial customers.

The company operates a diversified generation portfolio that includes onshore and offshore wind, solar power, hydroelectric facilities and nuclear energy. Iberdrola also develops and manages electricity networks and invests in grid modernization, digital infrastructure and other technologies that support the transition to lower-carbon energy systems.

Iberdrola serves customers and operates energy infrastructure across several markets, including Spain, the United Kingdom, the United States, Brazil, Mexico and Australia, as well as other European countries.