Short Interest in Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Grows By 155.3%

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 86,300 shares, an increase of 155.3% from the December 31st total of 33,800 shares. Based on an average daily volume of 181,700 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. The Goldman Sachs Group raised Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. Berenberg Bank upgraded Galp Energia, SGPS to a “strong-buy” rating in a report on Friday, November 22nd.

Galp Energia, SGPS Stock Up 0.5 %

OTCMKTS GLPEY traded up $0.04 during mid-day trading on Friday, reaching $8.46. The stock had a trading volume of 45,391 shares, compared to its average volume of 69,711. Galp Energia, SGPS has a 1 year low of $7.46 and a 1 year high of $11.05. The company has a fifty day moving average price of $8.54 and a 200 day moving average price of $9.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.40. The stock has a market cap of $11.77 billion, a PE ratio of 9.00 and a beta of 0.46.

Galp Energia, SGPS (OTCMKTS:GLPEY) last issued its earnings results on Monday, October 28th. The energy company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $6.02 billion during the quarter. Galp Energia, SGPS had a return on equity of 24.38% and a net margin of 6.17%. On average, research analysts expect that Galp Energia, SGPS will post 0.75 earnings per share for the current year.

About Galp Energia, SGPS

Galp Energia, SGPS, SA operates as an integrated energy operator in Portugal and internationally. The company operates through four segments: Upstream, Industrial & Midstream, Commercial, and Renewables and New Business. The Upstream segment engages in the exploration, development, and production of hydrocarbons primarily in Brazil, Mozambique, Namibia, and Angola.