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

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) saw a large growth in short interest in the month of 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 trading volume of 247,100 shares, the days-to-cover ratio is currently 0.1 days.

Galp Energia, SGPS Trading Down 0.7 %

Galp Energia, SGPS stock opened at $8.17 on Friday. Galp Energia, SGPS has a 12-month low of $7.07 and a 12-month high of $11.05. The stock has a market capitalization of $11.36 billion, a PE ratio of 8.69 and a beta of 0.49. The firm has a 50 day simple moving average of $8.77 and a 200-day simple moving average of $9.77. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.62 and a quick ratio of 1.31.

Galp Energia, SGPS (OTCMKTS:GLPEY) last issued its quarterly earnings results on Monday, October 28th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating 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. As a group, equities research analysts expect that Galp Energia, SGPS will post 0.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised shares of Galp Energia, SGPS to a “strong-buy” rating in a report 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.