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

Key Points

• Iberdrola S.A. experienced a significant 77.5% increase in short interest in August, rising to 24,500 shares from 13,800 in July.
• The company reported earnings per share (EPS) of $1.10 for the latest quarter, exceeding estimates, although revenue was slightly below expectations.
• Currently, Iberdrola holds an average rating of "Hold" from analysts, with one Buy rating and three Hold ratings noted.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 24,500 shares, agrowthof77.5% from the July 31st total of 13,800 shares. Based on an average daily volume of 177,200 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 177,200 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada restated a "sector perform" rating on shares of Iberdrola in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Iberdrola has an average rating of "Hold".

Iberdrola Trading Up 0.7%

IBDRY stock traded up $0.54 during midday trading on Friday, reaching $73.89. 56,481 shares of the company's stock traded hands, compared to its average volume of 172,040. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.75 and a quick ratio of 0.65. Iberdrola has a fifty-two week low of $53.37 and a fifty-two week high of $78.31. The business has a 50-day moving average price of $73.92 and a two-hundred day moving average price of $69.89. The company has a market capitalization of $123.42 billion, a P/E ratio of 22.32, a PEG ratio of 2.02 and a beta of 0.79.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.04. The business had revenue of $11.21 billion for the quarter, compared to the consensus estimate of $11.73 billion. Iberdrola had a return on equity of 8.27% and a net margin of 11.30%. Equities research analysts forecast that Iberdrola will post 3.57 EPS for the current fiscal 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.

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