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

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) was the recipient of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 12,700 shares, an increase of 144.2% from the October 31st total of 5,200 shares. Based on an average daily volume of 247,100 shares, the short-interest ratio is presently 0.1 days.

Galp Energia, SGPS Price Performance

OTCMKTS:GLPEY opened at $8.17 on Friday. 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 has a 52 week low of $7.07 and a 52 week high of $11.05. The stock’s 50-day moving average price is $8.77 and its 200-day moving average price is $9.77. The stock has a market capitalization of $11.36 billion, a PE ratio of 8.69 and a beta of 0.49.

Galp Energia, SGPS (OTCMKTS:GLPEY) last posted its quarterly earnings data on Monday, October 28th. The energy company reported $0.20 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 business had revenue of $6.02 billion during the quarter. As a group, equities analysts expect that Galp Energia, SGPS will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

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