Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY – Get Free Report) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 100 shares, a decrease of 98.8% from the February 13th total of 8,400 shares. Based on an average trading volume of 129,600 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on GLPEY. Berenberg Bank upgraded Galp Energia, SGPS to a “strong-buy” rating in a research note on Friday, November 22nd. The Goldman Sachs Group upgraded Galp Energia, SGPS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 4th.
Get Our Latest Analysis on Galp Energia, SGPS
Galp Energia, SGPS Stock Down 0.6 %
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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