Iberdrola, S.A. (OTCMKTS:IBDSF) Sees Significant Increase in Short Interest

Iberdrola, S.A. (OTCMKTS:IBDSF) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 3,557,800 shares, an increase of 184.5% from the October 15th total of 1,250,700 shares. Based on an average daily volume of 80,800 shares, the days-to-cover ratio is currently 44.0 days.

Iberdrola Trading Up 2.0 %

IBDSF stock opened at $14.17 on Friday. The firm’s fifty day simple moving average is $15.02 and its two-hundred day simple moving average is $13.89. Iberdrola has a twelve month low of $11.30 and a twelve month high of $15.85.

About Iberdrola

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.