Short Interest in Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Rises By 700.0%

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY - Get Free Report) was the recipient 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 148,600 shares, the short-interest ratio is currently 0.0 days.

Galp Energia, SGPS Trading Up 0.7 %

OTCMKTS GLPEY traded up $0.06 on Monday, reaching $8.73. 59,691 shares of the company were exchanged, compared to its average volume of 64,441. 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 business's fifty day moving average price is $8.26 and its 200 day moving average price is $8.57. The stock has a market capitalization of $12.14 billion, a P/E ratio of 9.29 and a beta of 0.43. Galp Energia, SGPS has a fifty-two week low of $7.72 and a fifty-two week 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.