Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Short Interest Up 155.3% in January

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 86,300 shares, an increase of 155.3% from the December 31st total of 33,800 shares. Based on an average daily volume of 181,700 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on GLPEY shares. Berenberg Bank raised Galp Energia, SGPS to a “strong-buy” rating in a research report on Friday, November 22nd. The Goldman Sachs Group raised Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 4th.

Galp Energia, SGPS Stock Up 0.5 %

Shares of OTCMKTS GLPEY traded up $0.04 during midday trading on Thursday, reaching $8.46. The company had a trading volume of 45,391 shares, compared to its average volume of 75,162. The firm’s fifty day moving average price is $8.54 and its 200-day moving average price is $9.19. The stock has a market cap of $11.77 billion, a PE ratio of 9.00 and a beta of 0.46. Galp Energia, SGPS has a one year low of $7.46 and a one year high of $11.05.

Galp Energia, SGPS (OTCMKTS:GLPEY) last announced its quarterly earnings results 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. Galp Energia, SGPS had a net margin of 6.17% and a return on equity of 24.36%. The company had revenue of $6.02 billion for the quarter. As a group, equities research analysts expect that Galp Energia, SGPS will post 0.75 EPS for the current 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.