Iberdrola S.A. (OTCMKTS:IBDRY) Short Interest Down 72.4% in August

Key Points

• Iberdrola’s short interest plunged 72.4% in August to 16,661 shares, representing 0.0% of shares outstanding and just 0.2 days to cover.
• Analyst sentiment remains mixed but averages a “Hold” rating: two analysts rate the stock Buy, six Hold, and one Sell, with recent upgrades from Barclays and Erste Group partially offset by Oddo Bhf’s downgrade.
• The shares traded at $93.38, within a $72.48–$100.64 52-week range. Iberdrola’s latest quarterly results slightly missed expectations, reporting $1.14 in EPS versus $1.16 expected and revenue of $11.93 billion versus $12.08 billion forecast.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 16,661 shares, a decline of 72.4% from the July 30th total of 60,364 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 110,954 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on IBDRY shares. Oddo Bhf lowered shares of Iberdrola from an "outperform" rating to a "neutral" rating in a research report on Thursday, July 23rd. Barclays upgraded shares of Iberdrola from an "equal weight" rating to an "overweight" rating in a research note on Tuesday, May 26th. Erste Group Bank upgraded Iberdrola from a "hold" rating to a "buy" rating in a research note on Thursday, June 25th. Finally, Citigroup raised Iberdrola to a "hold" rating in a research note on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Iberdrola has an average rating of "Hold".

Iberdrola Stock Performance

OTCMKTS:IBDRY traded down $0.56 during midday trading on Thursday, reaching $93.38. The stock had a trading volume of 12,721 shares, compared to its average volume of 88,821. Iberdrola has a 1-year low of $72.48 and a 1-year high of $100.64. The firm's fifty day simple moving average is $95.88 and its 200-day simple moving average is $93.63. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.75 and a quick ratio of 0.63. The stock has a market capitalization of $155.78 billion, a P/E ratio of 19.78, a PEG ratio of 2.37 and a beta of 0.64.

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

About Iberdrola

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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