Short Interest in Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Rises By 144.2%

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 12,700 shares, a growth of 144.2% from the October 31st total of 5,200 shares. Based on an average daily trading volume, of 247,100 shares, the days-to-cover ratio is presently 0.1 days.

Galp Energia, SGPS Stock Down 0.7 %

OTCMKTS:GLPEY opened at $8.17 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.31 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $8.77 and a 200-day moving average of $9.77. The firm has a market capitalization of $11.36 billion, a PE ratio of 8.69 and a beta of 0.49. Galp Energia, SGPS has a 52 week low of $7.07 and a 52 week high of $11.05.

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded Galp Energia, SGPS to a “strong-buy” rating in a research note on Friday, November 22nd.

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.