Iberdrola, S.A. (OTCMKTS:IBDRY) Sees Significant Growth in Short Interest

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

Iberdrola Stock Performance

Shares of OTCMKTS IBDRY traded down $0.47 during mid-day trading on Friday, hitting $56.60. The company had a trading volume of 113,828 shares, compared to its average volume of 132,715. Iberdrola has a 12 month low of $45.19 and a 12 month high of $62.15. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.79 and a quick ratio of 0.69. The firm has a market cap of $90.06 billion, a P/E ratio of 12.95, a PEG ratio of 1.79 and a beta of 0.81. The business's 50-day simple moving average is $55.69 and its 200-day simple moving average is $56.76.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised shares of Iberdrola to a "hold" rating in a research report on Monday, December 2nd.

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.