Short Interest in Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Drops By 98.8%

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 100 shares, a decline of 98.8% from the February 13th total of 8,400 shares. Based on an average trading volume of 129,600 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Galp Energia, SGPS Trading Up 0.9 %

OTCMKTS GLPEY opened at $7.97 on Thursday. The stock has a 50-day simple moving average of $8.27 and a 200 day simple moving average of $8.73. The company has a market capitalization of $11.08 billion, a PE ratio of 8.48 and a beta of 0.43. The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 0.54. Galp Energia, SGPS has a 12 month low of $7.72 and a 12 month high of $11.05.

Analyst Upgrades and Downgrades

GLPEY has been the subject of a number of recent analyst reports. The Goldman Sachs Group upgraded Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 4th. Berenberg Bank upgraded Galp Energia, SGPS to a “strong-buy” rating in a report on Friday, November 22nd.

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.