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 significant growth in short interest in August. As of August 31st, there was short interest totaling 59,100 shares, a growth of 141.2% from the August 15th total of 24,500 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 412,000 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily 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.

Analyst Upgrades and Downgrades

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

Iberdrola Trading Up 0.4%

IBDRY stock traded up $0.26 during trading on Friday, hitting $73.92. The company had a trading volume of 71,694 shares, compared to its average volume of 156,691. The company has a quick ratio of 0.65, a current ratio of 0.75 and a debt-to-equity ratio of 0.78. The firm has a 50-day moving average price of $73.62 and a 200-day moving average price of $70.47. Iberdrola has a 12 month low of $53.37 and a 12 month high of $78.31. The stock has a market cap of $123.47 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 2.02 and a beta of 0.79.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.04. Iberdrola had a net margin of 11.30% and a return on equity of 8.27%. The firm had revenue of $11.21 billion during the quarter, compared to analysts' expectations of $11.73 billion. As a group, analysts predict that Iberdrola will post 3.57 earnings per share for the current year.

About Iberdrola

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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