Iberdrola S.A. (OTCMKTS:IBDRY) Sees Significant Decrease in Short Interest

Key Points

• Iberdrola S.A. experienced a significant drop in short interest by 38.6% in September, with totals falling from 54,100 shares to 33,200 shares.
• The stock has received mixed analyst ratings, with Zacks downgrading it to a "hold" while Oddo Bhf upgraded it to "outperform," resulting in an average rating of "Moderate Buy."
• Iberdrola reported earnings of $1.10 per share for the last quarter, exceeding estimates, but fell short on revenue with $11.21 billion reported against a forecast of $11.73 billion.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 33,200 shares, a drop of 38.6% from the September 15th total of 54,100 shares. Based on an average daily volume of 173,600 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 173,600 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

IBDRY has been the topic of several research analyst reports. Zacks Research downgraded shares of Iberdrola from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Oddo Bhf upgraded Iberdrola from a "neutral" rating to an "outperform" rating in a research note on Thursday, September 18th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Iberdrola in a research note on Monday, September 29th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy".

Iberdrola Stock Down 0.7%

Shares of IBDRY stock opened at $79.30 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.78. Iberdrola has a twelve month low of $53.37 and a twelve month high of $79.86. The stock has a 50 day moving average of $75.56 and a 200 day moving average of $73.26. The stock has a market cap of $132.46 billion, a P/E ratio of 23.96, a P/E/G ratio of 2.45 and a beta of 0.79.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.04. The business had revenue of $11.21 billion during the quarter, compared to analyst estimates of $11.73 billion. Iberdrola had a net margin of 11.30% and a return on equity of 8.27%. As a group, sell-side analysts expect that Iberdrola will post 3.57 EPS for the current 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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