Iberdrola S.A. (OTCMKTS:IBDRY) Short Interest Update

Iberdrola S.A. (OTCMKTS:IBDRY) was the target of 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 173,360 shares, the short-interest ratio is currently 0.4 days.

Analysts Set New Price Targets

A number of analysts have weighed in on IBDRY shares. Barclays upgraded shares of Iberdrola from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 26th. Erste Group Bank downgraded shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Iberdrola in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Iberdrola Stock Down 0.6%

Shares of OTCMKTS:IBDRY traded down $0.60 during midday trading on Friday, hitting $94.15. 62,179 shares of the company’s stock were exchanged, compared to its average volume of 124,008. Iberdrola has a 12 month low of $69.66 and a 12 month high of $96.50. The company has a market cap of $159.06 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 2.40 and a beta of 0.64. The stock has a 50 day moving average price of $92.69 and a 200-day moving average price of $90.02. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.87 and a quick ratio of 0.78.

Iberdrola (OTCMKTS:IBDRY) last released 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). Iberdrola had a return on equity of 9.88% and a net margin of 13.40%.The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.62 billion. On average, sell-side analysts anticipate that Iberdrola will post 4.6 EPS for the current fiscal year.

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.