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

Key Points

• Short interest fell sharply by 35.7% to 39,524 shares as of September 15, down from 61,456 shares at the end of August. Short interest represented approximately 0.0% of shares outstanding, with a short-interest ratio of 0.2 days.
• Analyst sentiment remains mixed but has recently improved, with Deutsche Bank, Erste Group Bank and Goldman Sachs upgrading Iberdrola to “Buy.” Despite four Buy ratings, three Holds and one Sell, the overall consensus rating is still “Hold.”
• Iberdrola shares opened at $93.22, near their 50- and 200-day moving averages. The company slightly missed quarterly expectations, reporting $1.14 in EPS versus $1.16 expected and revenue of $11.93 billion versus $12.08 billion expected.

Iberdrola S.A. (OTCMKTS:IBDRY - Get Free Report) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 39,524 shares, a decline of 35.7% from the August 31st total of 61,456 shares. Based on an average daily volume of 159,870 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Oddo Bhf cut Iberdrola from an "outperform" rating to a "neutral" rating in a research report on Thursday, July 23rd. Citigroup upgraded shares of Iberdrola to a "hold" rating in a research report on Friday, June 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Iberdrola to a "buy" rating in a research report on Tuesday. Erste Group Bank upgraded shares of Iberdrola from a "hold" rating to a "buy" rating in a research note on Thursday, June 25th. Finally, The Goldman Sachs Group raised shares of Iberdrola to a "buy" rating in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

Iberdrola Trading Up 0.0%

Shares of IBDRY stock opened at $93.22 on Thursday. Iberdrola has a 12-month low of $75.02 and a 12-month high of $100.64. 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 stock's 50-day moving average price is $93.71 and its 200-day moving average price is $93.62. The stock has a market capitalization of $155.52 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.62 and a beta of 0.63.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The utilities provider reported $1.14 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.02). The firm 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%. Equities research analysts predict that Iberdrola will post 4.69 EPS for the current fiscal year.

Iberdrola Company Profile

Iberdrola, SA is a Spanish energy company engaged in the generation, transmission, distribution and sale of electricity. Its activities include renewable power generation, particularly wind, solar and hydropower, as well as electricity networks and customer energy services. The company also develops and operates energy storage and other infrastructure supporting the transition to lower-carbon energy systems.

Headquartered in Bilbao, Spain, Iberdrola serves residential, commercial and industrial customers through operations in Spain, the United Kingdom, the United States, Brazil and other international markets.

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