Short Interest in Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Decreases By 98.8%

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) 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.

Galp Energia, SGPS Stock Down 0.6 %

Shares of OTCMKTS GLPEY opened at $7.92 on Friday. Galp Energia, SGPS has a 52 week low of $7.72 and a 52 week high of $11.05. The business has a 50-day simple moving average of $8.27 and a two-hundred day simple moving average of $8.72. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 0.54. The company has a market cap of $11.02 billion, a P/E ratio of 8.43 and a beta of 0.43.

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.