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

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

Wall Street Analyst Weigh In

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

Galp Energia, SGPS Price Performance

Shares of OTCMKTS GLPEY traded up $0.27 during midday trading on Friday, reaching $8.64. 33,596 shares of the stock traded hands, compared to its average volume of 65,452. The company’s 50 day moving average is $8.26 and its 200 day moving average is $8.59. Galp Energia, SGPS has a one year low of $7.72 and a one year high of $11.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.64 and a quick ratio of 1.40. The stock has a market capitalization of $12.02 billion, a PE ratio of 9.19 and a beta of 0.43.

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.