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 large growth in short interest in March. As of March 15th, there was short interest totalling 800 shares, a growth of 700.0% from the February 28th total of 100 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 148,600 shares, the short-interest ratio is presently 0.0 days.

Galp Energia, SGPS Stock Performance

Shares of OTCMKTS:GLPEY traded up $0.27 on Friday, hitting $8.64. 33,596 shares of the company were exchanged, compared to its average volume of 65,452. The firm has a market capitalization of $12.02 billion, a P/E ratio of 9.19 and a beta of 0.43. The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 0.54. The stock’s 50 day moving average price is $8.26 and its 200 day moving average price is $8.59. Galp Energia, SGPS has a 1-year low of $7.72 and a 1-year high of $11.05.

Wall Street Analysts Forecast Growth

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

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.