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

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Berenberg Bank upgraded shares of Galp Energia, SGPS to a “strong-buy” rating in a research note on Friday, November 22nd. The Goldman Sachs Group upgraded shares of Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th.

Galp Energia, SGPS Stock Performance

Shares of GLPEY traded up $0.25 during midday trading on Wednesday, reaching $8.75. 54,338 shares of the stock were exchanged, compared to its average volume of 81,826. The company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 9.31 and a beta of 0.46. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.31. Galp Energia, SGPS has a twelve month low of $7.46 and a twelve month high of $11.05. The business’s 50-day moving average price is $8.44 and its 200 day moving average price is $9.35.

Galp Energia, SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings data on Monday, October 28th. The energy company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $6.02 billion during the quarter. Galp Energia, SGPS had a return on equity of 24.36% and a net margin of 6.17%. On average, sell-side analysts expect that Galp Energia, SGPS will post 0.75 EPS for the current fiscal year.

Galp Energia, SGPS Company Profile

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.