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

Key Points

• Iberdrola’s short interest nearly doubled to 93,835 shares as of October 15, up 99.8% from September 30. Despite the increase, short interest represents 0.0% of shares, with a days-to-cover ratio of 0.7.
• IBDRY shares rose 0.3% to $98.88, near the company’s one-year high of $100.64. Iberdrola reported quarterly EPS of $1.05, missing analyst expectations of $1.11, while revenue matched estimates at $12.72 billion.
• Analyst sentiment remains mixed, with upgrades from Goldman Sachs and Deutsche Bank offset by neutral or hold ratings. MarketBeat’s overall consensus rating is Hold, based on four Buy and five Hold ratings.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 93,835 shares, a growth of 99.8% from the September 30th total of 46,962 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 139,067 shares, the days-to-cover ratio is currently 0.7 days.

Iberdrola Stock Up 0.3%

Shares of IBDRY traded up $0.32 during trading hours on Friday, hitting $98.88. The company had a trading volume of 52,842 shares, compared to its average volume of 82,378. Iberdrola has a one year low of $80.64 and a one year high of $100.64. The company's fifty day moving average price is $94.45 and its two-hundred day moving average price is $93.33. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $164.96 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 1.54 and a beta of 0.55.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last released its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.11 by ($0.06). The firm had revenue of $12.72 billion during the quarter, compared to analysts' expectations of $12.72 billion. Iberdrola had a return on equity of 9.56% and a net margin of 14.74%. As a group, equities analysts forecast that Iberdrola will post 4.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on IBDRY shares. The Goldman Sachs Group upgraded shares of Iberdrola from a "hold" rating to a "buy" rating in a research note on Thursday, October 1st. Citigroup reissued a "neutral" rating on shares of Iberdrola in a report on Wednesday, October 21st. Deutsche Bank Aktiengesellschaft upgraded shares of Iberdrola to a "buy" rating in a research report on Tuesday, September 29th. DZ Bank raised shares of Iberdrola from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 21st. Finally, Oddo Bhf lowered Iberdrola from an "outperform" rating to a "neutral" rating in a report on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Iberdrola has an average rating of "Hold".

Iberdrola Company Profile

Iberdrola, SA is a Spanish energy company engaged in the generation, distribution and supply of electricity, with a strategic focus on renewable energy and regulated electricity networks. Its activities include onshore and offshore wind, solar power, hydroelectric generation, battery storage and other low-carbon energy technologies, as well as the development and operation of electricity transmission and distribution infrastructure.

The company also supplies electricity and related energy services to residential, commercial and industrial customers.

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