Short Interest in Iberdrola, S.A. (OTCMKTS:IBDRY) Grows By 28.9%

Iberdrola, S.A. (OTCMKTS:IBDRY - Get Free Report) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 12,500 shares, an increase of 28.9% from the May 15th total of 9,700 shares. Based on an average trading volume of 259,300 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company's shares are short sold.

Analyst Upgrades and Downgrades

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

Iberdrola Price Performance

OTCMKTS IBDRY traded down $0.29 during mid-day trading on Tuesday, hitting $74.41. The stock had a trading volume of 346,277 shares, compared to its average volume of 108,677. Iberdrola has a 52-week low of $50.63 and a 52-week high of $75.79. The company has a market cap of $119.81 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 1.79 and a beta of 0.79. The company has a 50 day simple moving average of $71.25 and a 200 day simple moving average of $62.44. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 0.67.

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

Iberdrola Cuts Dividend

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

About Iberdrola

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.

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