Short Interest in Iberdrola, S.A. (OTCMKTS:IBDRY) Increases By 128.5%

Iberdrola, S.A. (OTCMKTS:IBDRY) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 57,800 shares, a growth of 128.5% from the December 15th total of 25,300 shares. Based on an average daily trading volume, of 221,900 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Iberdrola in a research report on Wednesday, October 2nd. They set a “hold” rating for the company. Royal Bank of Canada upgraded shares of Iberdrola to a “hold” rating in a research report on Monday, December 2nd.

Iberdrola Trading Up 0.6 %

IBDRY stock traded up $0.33 during trading on Thursday, hitting $54.62. 85,413 shares of the company traded hands, compared to its average volume of 96,325. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.69 and a current ratio of 0.79. The company has a 50-day moving average of $55.91 and a 200-day moving average of $56.44. The firm has a market capitalization of $86.90 billion, a PE ratio of 12.50, a P/E/G ratio of 1.77 and a beta of 0.81. Iberdrola has a 1 year low of $45.19 and a 1 year high of $62.15.

Iberdrola (OTCMKTS:IBDRY) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $0.88 earnings per share for the quarter. Iberdrola had a return on equity of 10.67% and a net margin of 14.67%. The firm had revenue of $11.52 billion for the quarter. Analysts predict that Iberdrola will post 3.56 earnings per share for the current fiscal year.

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.