Short Interest in Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Declines By 97.3%

Posted by Jeff Wilder on Sep 27th, 2024

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY – Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 500 shares, a decrease of 97.3% from the August 31st total of 18,400 shares. Based on an average daily volume of 105,500 shares, the short-interest ratio is currently 0.0 days.

Galp Energia, SGPS Trading Up 2.8 %

Shares of OTCMKTS GLPEY traded up $0.25 during mid-day trading on Friday, reaching $9.20. 32,072 shares of the company’s stock were exchanged, compared to its average volume of 63,014. The company’s 50-day moving average is $10.06 and its 200-day moving average is $9.92. 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 capitalization of $13.16 billion, a price-to-earnings ratio of 9.99 and a beta of 0.49. Galp Energia, SGPS has a 52-week low of $6.89 and a 52-week high of $11.05.

Galp Energia, SGPS (OTCMKTS:GLPEY – Get Free Report) last announced its quarterly earnings results on Monday, July 22nd. The energy company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.11. The business had revenue of $6.30 billion during the quarter. Galp Energia, SGPS had a net margin of 6.32% and a return on equity of 25.06%. Analysts expect that Galp Energia, SGPS will post 0.7 EPS for the current fiscal year.

Galp Energia, SGPS Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given a $0.1553 dividend. This is a positive change from Galp Energia, SGPS’s previous dividend of $0.15. The ex-dividend date of this dividend was Monday, August 19th.

About Galp Energia, SGPS

(Get Free Report)

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.