Iberdrola S.A. (OTCMKTS:IBDRY) Short Interest Down 65.4% in July

Key Points

• Iberdrola S.A. experienced a significant decline in short interest in July, dropping by 65.4% to 13,800 shares.
• The company's stock price rose 1.2% to $76.53, with a market capitalization of $123.22 billion and a P/E ratio of 23.12.
• Iberdrola recently reported earnings of $1.10 per share, exceeding estimates, but the firm also cut its dividend payout to a 103.0% yield.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 13,800 shares, adropof65.4% from the July 15th total of 39,900 shares. Currently,0.0% of the company's stock are short sold. Based on an average daily volume of 263,100 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 263,100 shares, the short-interest ratio is presently 0.1 days. Currently,0.0% of the company's stock are short sold.

Iberdrola Stock Performance

OTCMKTS:IBDRY traded down $0.48 on Thursday, hitting $77.14. The company's stock had a trading volume of 117,955 shares, compared to its average volume of 224,186. The company has a current ratio of 0.75, a quick ratio of 0.58 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average of $74.04 and a two-hundred day moving average of $68.31. The firm has a market capitalization of $128.85 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 2.13 and a beta of 0.76. Iberdrola has a one year low of $53.37 and a one year high of $78.17.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.04. The firm had revenue of $11.21 billion for the quarter, compared to analyst estimates of $11.73 billion. Iberdrola had a return on equity of 8.27% and a net margin of 11.30%. Research analysts predict that Iberdrola will post 3.57 earnings per share for the current year.

Analyst Ratings Changes

Separately, Dbs Bank raised shares of Iberdrola to a "buy" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Iberdrola currently has a consensus rating of "Hold".

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.