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

Key Points

• Short interest rose 51% to 60,364 shares as of July 31, up from 39,966 shares two weeks earlier. Despite the increase, short interest represented 0.0% of shares outstanding, with a days-to-cover ratio of 0.5.
• Analyst sentiment remains mixed but generally neutral: two analysts rate Iberdrola a Buy, six rate it Hold, and one rates it Sell, resulting in a consensus “Hold” rating.
• Iberdrola shares recently traded at $93.73, while the company’s latest quarterly results fell slightly short of expectations, reporting $1.14 in earnings per share versus a $1.16 estimate and revenue of $11.93 billion versus $12.08 billion expected.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 60,364 shares, a growth of 51.0% from the July 15th total of 39,966 shares. Based on an average daily trading volume, of 115,907 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company's stock are sold short.

Analyst Upgrades and Downgrades

IBDRY has been the topic of several recent analyst reports. Barclays raised shares of Iberdrola from an "equal weight" rating to an "overweight" rating in a report on Tuesday, May 26th. Erste Group Bank raised shares of Iberdrola from a "hold" rating to a "buy" rating in a report on Thursday, June 25th. Oddo Bhf downgraded shares of Iberdrola from an "outperform" rating to a "neutral" rating in a research report on Thursday, July 23rd. Finally, Citigroup upgraded shares of Iberdrola to a "hold" rating in a research note on Friday, June 26th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Iberdrola currently has a consensus rating of "Hold".

Iberdrola Stock Performance

OTCMKTS:IBDRY traded up $0.18 during trading hours on Tuesday, reaching $93.73. 6,437 shares of the stock were exchanged, compared to its average volume of 90,195. The stock has a market capitalization of $156.37 billion, a P/E ratio of 19.86, a P/E/G ratio of 2.36 and a beta of 0.64. The firm has a 50 day simple moving average of $95.93 and a 200-day simple moving average of $93.46. The company has a quick ratio of 0.63, a current ratio of 0.75 and a debt-to-equity ratio of 0.79. Iberdrola has a 52 week low of $72.48 and a 52 week high of $100.64.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.02). The firm had revenue of $11.93 billion during the quarter, compared to the consensus estimate of $12.08 billion. Iberdrola had a net margin of 15.59% and a return on equity of 9.88%. As a group, sell-side analysts forecast that Iberdrola will post 4.61 earnings per share for the current fiscal year.

Iberdrola Company Profile

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company's core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola's business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.

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