Short Interest in Iberdrola, S.A. (OTCMKTS:IBDSF) Drops By 31.2%

Iberdrola, S.A. (OTCMKTS:IBDSF) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 1,800,987 shares, a decrease of 31.2% from the December 15th total of 2,616,897 shares. Based on an average daily volume of 15,383 shares, the short-interest ratio is presently 117.1 days. Based on an average daily volume of 15,383 shares, the short-interest ratio is presently 117.1 days.

Iberdrola Price Performance

Shares of OTCMKTS IBDSF opened at $21.55 on Friday. The company’s fifty day moving average price is $21.33 and its 200 day moving average price is $19.73. Iberdrola has a 1 year low of $13.51 and a 1 year high of $22.43.

Iberdrola Company Profile

Iberdrola (OTCMKTS:IBDSF) is a Spanish multinational electric utility company with core activities spanning the generation, transmission and distribution of electricity. The company has established itself as a global leader in renewable energy, particularly wind power, and maintains a diversified portfolio that includes hydroelectric, solar and conventional thermal generation assets. In addition to power generation, Iberdrola provides integrated energy services and solutions for residential, commercial and industrial customers.

The company’s operations extend across Europe, North America and Latin America.