Iberdrola S.A. (OTCMKTS:IBDRY) Short Interest Update

Key Points

• Iberdrola S.A. experienced a significant rise in short interest, increasing by 141.2% from 24,500 to 59,100 shares as of August 31st, representing 0.0% of the company's total shares.
• Royal Bank of Canada maintained a "sector perform" rating on Iberdrola, with the stock currently holding an average rating of "Hold" from analysts.
• Iberdrola's latest quarterly earnings report showed $1.10 earnings per share, exceeding the consensus estimate, while revenue was below expectations at $11.21 billion.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 59,100 shares, an increase of 141.2% from the August 15th total of 24,500 shares. Based on an average daily trading volume, of 412,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 412,000 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on IBDRY shares. Oddo Bhf upgraded shares of Iberdrola from a "neutral" rating to an "outperform" rating in a research note on Thursday. Royal Bank Of Canada restated a "sector perform" rating on shares of Iberdrola in a research note on Wednesday, August 27th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Iberdrola Price Performance

Shares of Iberdrola stock traded down $0.68 during mid-day trading on Thursday, reaching $73.10. 103,807 shares of the stock were exchanged, compared to its average volume of 70,503. The company has a market cap of $122.10 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 2.54 and a beta of 0.79. The company has a current ratio of 0.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.78. The firm has a 50-day simple moving average of $73.65 and a 200 day simple moving average of $70.91. Iberdrola has a fifty-two week low of $53.37 and a fifty-two week high of $78.31.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last announced 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. Iberdrola had a net margin of 11.30% and a return on equity of 8.27%. The business had revenue of $11.21 billion during the quarter, compared to analysts' expectations of $11.73 billion. On average, sell-side analysts predict 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.