Short Interest in Iberdrola S.A. (OTCMKTS:IBDRY) Decreases By 46.7%

Iberdrola S.A. (OTCMKTS:IBDRY) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 40,404 shares, a decrease of 46.7% from the May 31st total of 75,765 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 202,340 shares, the short-interest ratio is currently 0.2 days.

Iberdrola Stock Up 1.3%

Shares of IBDRY stock opened at $100.11 on Tuesday. Iberdrola has a one year low of $69.66 and a one year high of $100.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.87 and a quick ratio of 0.78. The stock has a fifty day moving average price of $93.10 and a 200 day moving average price of $91.04. The stock has a market cap of $169.13 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 2.51 and a beta of 0.64.

Iberdrola (OTCMKTS:IBDRY) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.04). Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.62 billion. Analysts predict that Iberdrola will post 4.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IBDRY. Barclays raised Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Erste Group Bank upgraded Iberdrola from a “hold” rating to a “buy” rating in a research note on Thursday, June 25th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Iberdrola presently has a consensus rating of “Hold”.

About Iberdrola

Iberdrola, SA is a Spanish multinational electric utility headquartered in Bilbao that develops, produces and supplies electricity and related energy services. The company’s core activities span electricity generation across a diverse mix of assets, transmission and distribution network ownership and operation, and retail supply to residential, commercial and industrial customers. Iberdrola also offers energy management and digital solutions aimed at improving efficiency and integrating distributed and renewable resources.

Renewable energy is a central focus of Iberdrola’s business strategy, with significant investments in wind (onshore and offshore), hydroelectric and solar power and in the modernization of grids to accommodate increasing shares of intermittent generation.