Short Interest in Iberdrola, S.A. (OTCMKTS:IBDRY) Grows By 21.7%

Iberdrola, S.A. (OTCMKTS:IBDRY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 59,400 shares, an increase of 21.7% from the September 30th total of 48,800 shares. Based on an average daily volume of 137,100 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IBDRY. Barclays upgraded Iberdrola to a “hold” rating in a research note on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft started coverage on Iberdrola in a research report on Wednesday, October 2nd. They set a “hold” rating on the stock.

Iberdrola Price Performance

Shares of Iberdrola stock traded down $0.34 on Wednesday, hitting $59.89. 68,070 shares of the company were exchanged, compared to its average volume of 89,154. The stock has a market capitalization of $96.17 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 2.47 and a beta of 0.82. The company has a 50-day moving average price of $59.58 and a 200 day moving average price of $54.65. Iberdrola has a 1-year low of $44.16 and a 1-year high of $62.15. The company has a quick ratio of 0.66, a current ratio of 0.77 and a debt-to-equity ratio of 0.60.

Iberdrola Company Profile

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia. It generates electricity from renewable sources, such as onshore and offshore wind, hydro, photovoltaic, combined cycle gas, and conventional nuclear, as well as through batteries.