Short Interest in Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Grows By 155.3%

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 86,300 shares, an increase of 155.3% from the December 15th total of 33,800 shares. Based on an average trading volume of 181,700 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

GLPEY has been the subject of several recent research 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 raised Galp Energia, SGPS to a “strong-buy” rating in a research report on Friday, November 22nd.

Galp Energia, SGPS Price Performance

Shares of OTCMKTS GLPEY opened at $8.75 on Thursday. Galp Energia, SGPS has a one year low of $7.46 and a one year high of $11.05. The stock has a market capitalization of $12.17 billion, a PE ratio of 9.31 and a beta of 0.46. The business’s fifty day moving average price is $8.45 and its 200-day moving average price is $9.34.

Galp Energia, SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings data on Monday, October 28th. The energy company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. The firm had revenue of $6.02 billion for the quarter. Galp Energia, SGPS had a return on equity of 24.36% and a net margin of 6.17%. As a group, equities analysts expect that Galp Energia, SGPS will post 0.75 EPS for the current fiscal year.

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.