Short Interest in Iberdrola, S.A. (OTCMKTS:IBDRY) Increases By 128.5%

Iberdrola, S.A. (OTCMKTS:IBDRY) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 57,800 shares, a growth of 128.5% from the December 15th total of 25,300 shares. Based on an average daily volume of 221,900 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Several brokerages recently commented on IBDRY. Royal Bank of Canada raised Iberdrola to a “hold” rating in a research note on Monday, December 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Iberdrola in a research report on Wednesday, October 2nd. They set a “hold” rating on the stock.

Iberdrola Stock Performance

OTCMKTS IBDRY traded up $0.33 during trading on Thursday, reaching $54.62. 85,413 shares of the company’s stock were exchanged, compared to its average volume of 96,325. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.79 and a quick ratio of 0.69. Iberdrola has a fifty-two week low of $45.19 and a fifty-two week high of $62.15. The business has a 50 day moving average price of $55.87 and a 200-day moving average price of $56.43. The stock has a market capitalization of $86.90 billion, a P/E ratio of 12.50, a PEG ratio of 1.77 and a beta of 0.81.

Iberdrola (OTCMKTS:IBDRY) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $0.88 earnings per share (EPS) for the quarter. The company had revenue of $11.52 billion during the quarter. Iberdrola had a net margin of 14.67% and a return on equity of 10.67%. Sell-side analysts forecast that Iberdrola will post 3.56 earnings per share for the current fiscal year.

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.