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

Iberdrola, S.A. (OTCMKTS:IBDRY) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 24,600 shares, a decline of 75.2% from the November 15th total of 99,200 shares. Based on an average daily volume of 184,100 shares, the days-to-cover ratio is presently 0.1 days.

Iberdrola Trading Down 0.5 %

IBDRY stock traded down $0.29 during mid-day trading on Wednesday, reaching $55.39. 59,098 shares of the stock traded hands, compared to its average volume of 89,383. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 0.67. Iberdrola has a 52-week low of $45.19 and a 52-week high of $62.15. The company has a market cap of $88.13 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.90 and a beta of 0.81. The stock’s fifty day moving average is $58.44 and its 200-day moving average is $55.96.

Iberdrola (OTCMKTS:IBDRY) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $0.88 EPS for the quarter. The company had revenue of $11.52 billion during the quarter. Iberdrola had a net margin of 14.67% and a return on equity of 10.67%. As a group, sell-side analysts expect that Iberdrola will post 3.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IBDRY. Barclays raised shares of Iberdrola to a “hold” rating in a report on Tuesday, September 17th. Royal Bank of Canada raised Iberdrola to a “hold” rating in a report on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Iberdrola in a report on Wednesday, October 2nd. They issued a “hold” rating for the company.

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.