Iberdrola, S.A. (OTCMKTS:IBDRY) Sees Significant Decrease in Short Interest

Iberdrola, S.A. (OTCMKTS:IBDRY) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 24,600 shares, a decrease of 75.2% from the November 15th total of 99,200 shares. Based on an average trading volume of 184,100 shares, the days-to-cover ratio is currently 0.1 days.

Iberdrola Stock Down 0.5 %

Shares of IBDRY stock traded down $0.29 during trading hours on Wednesday, reaching $55.39. The company had a trading volume of 59,098 shares, compared to its average volume of 89,383. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.69 and a current ratio of 0.79. Iberdrola has a twelve month low of $45.19 and a twelve month high of $62.15. The company has a market capitalization of $88.13 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 1.90 and a beta of 0.81. The stock’s fifty day simple moving average is $58.44 and its 200 day simple moving average is $55.96.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $0.88 earnings per share for the quarter. Iberdrola had a return on equity of 10.67% and a net margin of 14.67%. The firm had revenue of $11.52 billion during the quarter. As a group, sell-side analysts expect that Iberdrola will post 3.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

IBDRY has been the topic of several recent research reports. Barclays upgraded Iberdrola to a “hold” rating in a research report on Tuesday, September 17th. Royal Bank of Canada upgraded Iberdrola to a “hold” rating in a research report on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Iberdrola in a report on Wednesday, October 2nd. They issued a “hold” rating on the stock.

About Iberdrola

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.