Iberdrola S.A. (OTCMKTS:IBDRY) Sees Large Increase in Short Interest

Iberdrola S.A. (OTCMKTS:IBDRY) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 93,835 shares, a growth of 99.8% from the September 30th total of 46,962 shares. Based on an average daily trading volume, of 139,067 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of equities analysts have weighed in on IBDRY shares. Kepler Capital Markets cut shares of Iberdrola from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. The Goldman Sachs Group upgraded Iberdrola from a “hold” rating to a “buy” rating in a report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft raised shares of Iberdrola to a “buy” rating in a research report on Tuesday, September 29th. DZ Bank raised shares of Iberdrola from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 21st. Finally, Citigroup reiterated a “neutral” rating on shares of Iberdrola in a research note on Wednesday, October 21st. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Iberdrola presently has a consensus rating of “Hold”.

Iberdrola Stock Performance

Shares of OTCMKTS:IBDRY traded up $0.32 during midday trading on Friday, hitting $98.88. The stock had a trading volume of 52,842 shares, compared to its average volume of 82,378. The company has a current ratio of 0.75, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average price of $94.45 and a two-hundred day moving average price of $93.33. Iberdrola has a 1 year low of $80.64 and a 1 year high of $100.64. The company has a market capitalization of $164.96 billion, a PE ratio of 21.88, a P/E/G ratio of 1.54 and a beta of 0.55.

Iberdrola (OTCMKTS:IBDRY) last posted its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.11 by ($0.06). The business had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.72 billion. Iberdrola had a net margin of 14.74% and a return on equity of 9.56%. As a group, equities analysts predict that Iberdrola will post 4.63 earnings per share for the current fiscal year.

About Iberdrola

Iberdrola, SA is a Spanish energy company engaged in the generation, distribution and supply of electricity, with a strategic focus on renewable energy and regulated electricity networks. Its activities include onshore and offshore wind, solar power, hydroelectric generation, battery storage and other low-carbon energy technologies, as well as the development and operation of electricity transmission and distribution infrastructure.

The company also supplies electricity and related energy services to residential, commercial and industrial customers.