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

Iberdrola, S.A. (OTCMKTS:IBDRY) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 57,800 shares, a growth of 128.5% from the December 15th total of 25,300 shares. Based on an average daily volume of 221,900 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

A number of brokerages recently weighed in on IBDRY. Deutsche Bank Aktiengesellschaft started coverage on shares of Iberdrola in a research note on Wednesday, October 2nd. They set a “hold” rating for the company. Royal Bank of Canada upgraded Iberdrola to a “hold” rating in a report on Monday, December 2nd.

Iberdrola Stock Up 0.6 %

Shares of IBDRY traded up $0.33 during trading hours on Thursday, reaching $54.62. 85,413 shares of the stock traded hands, compared to its average volume of 96,325. Iberdrola has a 52 week low of $45.19 and a 52 week high of $62.15. The stock has a fifty day simple moving average of $55.91 and a 200 day simple moving average of $56.44. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 0.67. The company has a market cap of $86.90 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.77 and a beta of 0.81.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $0.88 EPS for the quarter. The business had revenue of $11.52 billion for the quarter. Iberdrola had a net margin of 14.67% and a return on equity of 10.67%. On average, equities analysts forecast that Iberdrola will post 3.56 EPS for the current year.

Iberdrola Company Profile

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.