Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Short Interest Update

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised Galp Energia, SGPS to a “strong-buy” rating in a research note on Friday, November 22nd.

Galp Energia, SGPS Trading Down 0.7 %

Shares of GLPEY opened at $8.17 on Friday. Galp Energia, SGPS has a 52-week low of $7.07 and a 52-week high of $11.05. The stock has a market cap of $11.36 billion, a PE ratio of 8.69 and a beta of 0.49. The firm’s fifty day moving average is $8.77 and its two-hundred day moving average is $9.77. 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 announced its quarterly earnings data on Monday, October 28th. The energy company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. The company had revenue of $6.02 billion during the quarter. Galp Energia, SGPS had a net margin of 6.17% and a return on equity of 24.36%. Research analysts forecast that Galp Energia, SGPS will post 0.75 earnings per share for the current fiscal year.

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.