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

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 800 shares, a growth of 700.0% from the February 28th total of 100 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 148,600 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th.

Galp Energia, SGPS Stock Up 3.2 %

Shares of GLPEY stock traded up $0.27 during trading on Thursday, reaching $8.64. The company’s stock had a trading volume of 33,596 shares, compared to its average volume of 65,445. Galp Energia, SGPS has a one year low of $7.72 and a one year high of $11.05. The business has a fifty day moving average price of $8.27 and a 200-day moving average price of $8.59. The company has a market cap of $12.02 billion, a price-to-earnings ratio of 9.19 and a beta of 0.43. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 0.54.

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.