Iberdrola, S.A. (OTCMKTS:IBDRY) Short Interest Up 128.5% in January

Iberdrola, S.A. (OTCMKTS:IBDRY) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 57,800 shares, a growth of 128.5% from the December 31st 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.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised shares of Iberdrola to a “hold” rating in a research note on Monday, December 2nd.

Iberdrola Stock Up 1.4 %

Shares of IBDRY stock traded up $0.78 during trading on Friday, hitting $57.07. 80,437 shares of the company were exchanged, compared to its average volume of 132,715. The business’s 50-day simple moving average is $55.68 and its 200 day simple moving average is $56.69. Iberdrola has a twelve month low of $45.19 and a twelve month high of $62.15. The firm has a market capitalization of $90.80 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 1.79 and a beta of 0.81. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.69 and a current ratio of 0.79.

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.