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

Key Points

• Short interest surged 268.9% in August to 61,456 shares, up from 16,661 shares two weeks earlier. Despite the increase, short interest represents 0.0% of shares outstanding and the days-to-cover ratio is 0.5.
• Analyst sentiment is mixed, with two Buy ratings, six Holds and one Sell; Iberdrola’s average consensus rating remains “Hold.”
• Shares recently traded at $93.76, while the company’s latest quarterly results missed estimates, reporting $1.14 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 increase in short interest in the month of August. As of August 31st, there was short interest totaling 61,456 shares, an increase of 268.9% from the August 15th total of 16,661 shares. Based on an average daily volume of 119,633 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

Iberdrola Price Performance

Shares of OTCMKTS IBDRY traded up $0.68 during midday trading on Friday, hitting $93.76. 58,896 shares of the company's stock were exchanged, compared to its average volume of 67,472. 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 business's fifty day moving average price is $94.72 and its two-hundred day moving average price is $93.51. The company has a market cap of $156.42 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.34 and a beta of 0.63. Iberdrola has a 12-month low of $72.48 and a 12-month high of $100.64.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last announced its earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.02). The company had revenue of $11.93 billion for the quarter, compared to the consensus estimate of $12.08 billion. Iberdrola had a net margin of 15.59% and a return on equity of 9.88%. As a group, research analysts forecast that Iberdrola will post 4.63 EPS for the current fiscal year.

Iberdrola Company Profile

Iberdrola, SA is a Spanish multinational energy company headquartered in Bilbao. Its principal activities include electricity generation, transmission and distribution, renewable energy development, and the sale of electricity and related energy services to residential, commercial and industrial customers.

The company operates a diversified generation portfolio that includes onshore and offshore wind, solar power, hydroelectric facilities and nuclear energy. Iberdrola also develops and manages electricity networks and invests in grid modernization, digital infrastructure and other technologies that support the transition to lower-carbon energy systems.

Iberdrola serves customers and operates energy infrastructure across several markets, including Spain, the United Kingdom, the United States, Brazil, Mexico and Australia, as well as other European countries.

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