Short Interest in Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Grows By 751.3%

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) was the target of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 33,200 shares, a growth of 751.3% from the July 31st total of 3,900 shares. Based on an average daily volume of 77,100 shares, the short-interest ratio is currently 0.4 days.

Galp Energia, SGPS Stock Performance

OTCMKTS:GLPEY traded up $0.03 during mid-day trading on Tuesday, reaching $10.71. 20,043 shares of the stock were exchanged, compared to its average volume of 65,439. The stock has a market capitalization of $15.32 billion, a P/E ratio of 11.10 and a beta of 0.51. Galp Energia, SGPS has a 1 year low of $6.65 and a 1 year high of $11.05. The company has a 50 day simple moving average of $10.44 and a 200-day simple moving average of $9.63. The company has a quick ratio of 1.31, a current ratio of 1.62 and a debt-to-equity ratio of 0.53.

Galp Energia, SGPS (OTCMKTS:GLPEY) last posted its quarterly earnings data on Monday, July 22nd. The energy company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.11. The business had revenue of $6.30 billion during the quarter. Galp Energia, SGPS had a return on equity of 25.06% and a net margin of 6.32%. Analysts anticipate that Galp Energia, SGPS will post 0.67 earnings per share for the current fiscal year.

Galp Energia, SGPS Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th will be paid a $0.1553 dividend. The ex-dividend date of this dividend is Monday, August 19th. This is a positive change from Galp Energia, SGPS’s previous dividend of $0.15.

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.