Iberdrola S.A. (OTCMKTS:IBDRY) Short Interest Up 109.7% in May

Iberdrola S.A. (OTCMKTS:IBDRY – Get Free Report) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 75,765 shares, a growth of 109.7% from the May 14th total of 36,128 shares. Based on an average daily trading volume, of 173,360 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Iberdrola Stock Down 0.6%

OTCMKTS:IBDRY traded down $0.60 during trading hours on Friday, hitting $94.15. 62,179 shares of the company’s stock traded hands, compared to its average volume of 124,008. The firm has a market cap of $159.06 billion, a P/E ratio of 23.19, a P/E/G ratio of 2.38 and a beta of 0.64. Iberdrola has a twelve month low of $69.66 and a twelve month high of $96.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.78 and a current ratio of 0.87. The stock’s fifty day moving average price is $92.69 and its two-hundred day moving average price is $90.02.

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Iberdrola (OTCMKTS:IBDRY – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.04). The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.62 billion. Iberdrola had a net margin of 13.40% and a return on equity of 9.88%. On average, research analysts expect that Iberdrola will post 4.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IBDRY. Erste Group Bank lowered Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Barclays raised Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Iberdrola in a research report on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

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About Iberdrola

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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.

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