Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Short Interest Update

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) saw a large increase in short interest in 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 trading volume, of 181,700 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GLPEY. The Goldman Sachs Group upgraded shares of Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th. Berenberg Bank raised Galp Energia, SGPS to a “strong-buy” rating in a report on Friday, November 22nd.

Galp Energia, SGPS Price Performance

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

Galp Energia, SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings results on Monday, October 28th. The energy company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Galp Energia, SGPS had a net margin of 6.17% and a return on equity of 24.38%. The business had revenue of $6.02 billion for the quarter. As a group, sell-side 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.