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

Iberdrola, S.A. (OTCMKTS:IBDRY) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 9,100 shares, a decline of 55.6% from the September 15th total of 20,500 shares. Based on an average trading volume of 265,900 shares, the days-to-cover ratio is presently 0.0 days.

OTCMKTS:IBDRY traded up $1.03 during midday trading on Thursday, hitting $44.17. The company had a trading volume of 87,955 shares, compared to its average volume of 95,267. Iberdrola has a 52-week low of $40.09 and a 52-week high of $61.52. The stock’s fifty day moving average price is $46.36 and its 200-day moving average price is $50.33. The company has a market capitalization of $70.30 billion, a PE ratio of 17.88 and a beta of 0.44. The company has a quick ratio of 0.70, a current ratio of 0.86 and a debt-to-equity ratio of 0.65.

Iberdrola (OTCMKTS:IBDRY) last announced its earnings results on Wednesday, July 21st. The utilities provider reported $0.41 earnings per share (EPS) for the quarter. Iberdrola had a net margin of 9.29% and a return on equity of 7.22%. The company had revenue of $10.44 billion during the quarter. As a group, research analysts forecast that Iberdrola will post 2.55 earnings per share for the current year.

A number of brokerages have issued reports on IBDRY. Citigroup raised shares of Iberdrola from a “sell” rating to a “neutral” rating in a report on Tuesday, September 21st. Societe Generale raised shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Tuesday, July 13th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Iberdrola in a report on Thursday, July 22nd. Morgan Stanley set a $48.68 price target on shares of Iberdrola and gave the stock an “overweight” rating in a report on Friday, July 23rd. Finally, DZ Bank raised shares of Iberdrola from a “hold” rating to a “buy” rating in a report on Friday, July 23rd. Eight research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $48.68.

Iberdrola Company Profile

Iberdrola SA is a holding company, which engages in the generation, distribution, trading, and marketing of electricity. It operates through the following businesses: Networks, Liberalized, Renewables and Other Businesses. The Networks business engages in the transmission and distribution of energy businesses, as well as those of any other regulated nature, originating in Spain, the United Kingdom, the United States and Brazil.

Featured Article: What is the price-sales ratio?

Receive News & Ratings for Iberdrola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iberdrola and related companies with MarketBeat.com's FREE daily email newsletter.