Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Short Interest Up 700.0% in March

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 800 shares, a growth of 700.0% from the February 28th total of 100 shares. Based on an average daily volume of 148,600 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th.

Galp Energia, SGPS Stock Up 3.2 %

Shares of OTCMKTS:GLPEY traded up $0.27 during midday trading on Thursday, hitting $8.64. 33,596 shares of the stock were exchanged, compared to its average volume of 65,445. The company has a market capitalization of $12.02 billion, a PE ratio of 9.19 and a beta of 0.43. Galp Energia, SGPS has a 52-week low of $7.72 and a 52-week high of $11.05. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.40 and a current ratio of 1.64. The business’s fifty day simple moving average is $8.27 and its two-hundred day simple moving average is $8.59.

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.