Short Interest in Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Increases By 17,400.0%

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY - Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 52,500 shares, an increase of 17,400.0% from the March 31st total of 300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 224,300 shares, the days-to-cover ratio is currently 0.2 days.

Galp Energia, SGPS Price Performance

GLPEY traded up $0.13 during trading on Friday, hitting $7.91. The company's stock had a trading volume of 33,622 shares, compared to its average volume of 72,354. The firm has a market capitalization of $11.00 billion, a price-to-earnings ratio of 8.42 and a beta of 0.24. Galp Energia, SGPS has a twelve month low of $6.76 and a twelve month high of $11.05. The business's fifty day simple moving average is $7.93 and its 200 day simple moving average is $8.33. The company has a current ratio of 1.64, a quick ratio of 1.40 and a debt-to-equity ratio of 0.54.

Wall Street Analyst Weigh In

Separately, Cfra Research raised Galp Energia, SGPS to a "moderate sell" rating in a report on Tuesday, April 15th.

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.

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