Short Interest in Iberdrola, S.A. (OTCMKTS:IBDRY) Grows By 21.7%

Iberdrola, S.A. (OTCMKTS:IBDRY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 59,400 shares, a growth of 21.7% from the September 30th total of 48,800 shares. Based on an average trading volume of 137,100 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

A number of research firms recently commented on IBDRY. Barclays upgraded Iberdrola to a “hold” rating in a report on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft assumed coverage on Iberdrola in a research note on Wednesday, October 2nd. They set a “hold” rating on the stock.

Iberdrola Trading Down 0.6 %

OTCMKTS:IBDRY traded down $0.34 during trading hours on Wednesday, reaching $59.89. 68,070 shares of the stock were exchanged, compared to its average volume of 89,154. The company has a quick ratio of 0.66, a current ratio of 0.77 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average of $59.58 and a two-hundred day moving average of $54.65. Iberdrola has a twelve month low of $44.16 and a twelve month high of $62.15. The company has a market capitalization of $96.17 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 2.47 and a beta of 0.82.

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.