Iberdrola S.A. (OTCMKTS:IBDRY) Sees Large Decline in Short Interest

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 recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 13,800 shares, adeclineof65.4% from the July 15th total of 39,900 shares. Based on an average trading volume of 263,100 shares, the short-interest ratio is currently 0.1 days. Currently,0.0% of the company's shares are sold short. Currently,0.0% of the company's shares are sold short. Based on an average trading volume of 263,100 shares, the short-interest ratio is currently 0.1 days.

Iberdrola Stock Up 1.2%

OTCMKTS:IBDRY traded up $0.92 during trading hours on Friday, reaching $76.53. The company's stock had a trading volume of 78,600 shares, compared to its average volume of 136,833. The company has a market capitalization of $123.22 billion, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 2.08 and a beta of 0.76. Iberdrola has a 12 month low of $53.37 and a 12 month high of $78.17. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.58 and a current ratio of 0.69. The stock has a 50 day moving average price of $73.86 and a two-hundred day moving average price of $67.90.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.06 by $0.04. The company had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.73 billion. Iberdrola had a net margin of 11.30% and a return on equity of 8.18%. Equities analysts predict that Iberdrola will post 3.57 EPS for the current fiscal year.

Iberdrola Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, May 26th were given a $0.0175 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a dividend yield of 103.0%. Iberdrola's dividend payout ratio (DPR) is presently 90.03%.

Wall Street Analysts Forecast Growth

Separately, Dbs Bank raised shares of Iberdrola to a "buy" rating in a research note on Friday, April 25th.

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.

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