Short Interest in Iberdrola, S.A. (OTCMKTS:IBDRY) Expands By 21.7%

Iberdrola, S.A. (OTCMKTS:IBDRY) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 59,400 shares, a growth of 21.7% from the September 30th total of 48,800 shares. Based on an average daily trading volume, of 137,100 shares, the days-to-cover ratio is currently 0.4 days.

Iberdrola Price Performance

Iberdrola stock traded down $0.34 during midday trading on Wednesday, reaching $59.89. 68,070 shares of the company were exchanged, compared to its average volume of 89,154. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.66 and a current ratio of 0.77. The company has a market capitalization of $96.17 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 2.47 and a beta of 0.82. The firm’s 50-day simple moving average is $59.50 and its 200-day simple moving average is $54.61. Iberdrola has a 1 year low of $44.16 and a 1 year high of $62.15.

Analyst Ratings Changes

IBDRY has been the subject of several research reports. Barclays raised Iberdrola to a “hold” rating in a research note on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft initiated coverage on Iberdrola in a research note on Wednesday, October 2nd. They set a “hold” rating for the company.

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.