Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Short Interest Up 356.8% in December

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 33,800 shares, a growth of 356.8% from the November 30th total of 7,400 shares. Based on an average trading volume of 116,300 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

A number of research firms have issued reports on GLPEY. Berenberg Bank raised shares of Galp Energia, SGPS to a “strong-buy” rating in a research note on Friday, November 22nd. The Goldman Sachs Group raised Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th.

Galp Energia, SGPS Trading Up 0.8 %

Shares of OTCMKTS:GLPEY traded up $0.07 during midday trading on Thursday, reaching $8.74. The company had a trading volume of 133,113 shares, compared to its average volume of 77,323. The company has a fifty day simple moving average of $8.56 and a two-hundred day simple moving average of $9.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.31 and a current ratio of 1.62. The firm has a market cap of $12.16 billion, a price-to-earnings ratio of 9.30 and a beta of 0.47. Galp Energia, SGPS has a 1-year low of $7.26 and a 1-year high of $11.05.

Galp Energia, SGPS (OTCMKTS:GLPEY) last released its earnings results on Monday, October 28th. The energy company reported $0.20 earnings per share (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 company had revenue of $6.02 billion during the quarter. Research analysts predict that Galp Energia, SGPS will post 0.75 earnings per share for the current year.

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.