Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Sees Significant Increase in Short Interest

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) was the target of a large 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 short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Galp Energia, SGPS Price Performance

Shares of GLPEY traded down $0.16 during mid-day trading on Thursday, reaching $8.23. 52,451 shares of the company’s stock were exchanged, compared to its average volume of 77,533. The company has a quick ratio of 1.31, a current ratio of 1.62 and a debt-to-equity ratio of 0.53. The company has a 50-day simple moving average of $8.82 and a two-hundred day simple moving average of $9.80. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 8.76 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 results on Monday, October 28th. The energy company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The business had revenue of $6.02 billion during the quarter. Galp Energia, SGPS had a net margin of 6.17% and a return on equity of 24.36%. On average, sell-side analysts predict that Galp Energia, SGPS will post 0.75 EPS for the current fiscal 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.