Iberdrola, S.A. (OTCMKTS:IBDRY) Sees Significant Decrease in Short Interest

Iberdrola, S.A. (OTCMKTS:IBDRY - Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 9,700 shares, a decrease of 61.8% from the April 30th total of 25,400 shares. Based on an average trading volume of 252,400 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Dbs Bank upgraded Iberdrola to a "buy" rating in a report on Friday, April 25th.

Iberdrola Price Performance

Shares of Iberdrola stock traded up $0.40 on Friday, reaching $73.12. 108,811 shares of the stock were exchanged, compared to its average volume of 104,882. The firm's 50 day moving average is $69.22 and its 200-day moving average is $61.05. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.69 and a current ratio of 0.79. Iberdrola has a one year low of $50.63 and a one year high of $74.75. The firm has a market cap of $117.73 billion, a PE ratio of 16.73, a P/E/G ratio of 1.79 and a beta of 0.82.

Iberdrola (OTCMKTS:IBDRY - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.08. The firm had revenue of $14.64 billion for the quarter, compared to the consensus estimate of $11.06 billion. Iberdrola had a net margin of 14.67% and a return on equity of 10.67%. As a group, analysts anticipate that Iberdrola will post 3.57 EPS for the current fiscal year.

Iberdrola Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, June 9th. Shareholders of record on Monday, May 26th will be given a dividend of $0.0175 per share. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 1.03%. Iberdrola's dividend payout ratio is currently 46.13%.

Iberdrola Company Profile

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.