Iberdrola, S.A. (OTCMKTS:IBDSF) Sees Large Growth in Short Interest

Iberdrola, S.A. (OTCMKTS:IBDSF) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 4,913,700 shares, an increase of 142.4% from the December 31st total of 2,027,500 shares. Based on an average daily volume of 58,000 shares, the days-to-cover ratio is presently 84.7 days.

Iberdrola Price Performance

OTCMKTS:IBDSF traded down $0.07 during trading hours on Thursday, reaching $14.36. 13,123 shares of the company traded hands, compared to its average volume of 39,626. Iberdrola has a 1-year low of $11.30 and a 1-year high of $15.85. The firm’s 50-day moving average is $13.97 and its 200-day moving average is $14.23.

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.