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 growth in short interest during the month of January. As of January 15th, there was short interest totalling 86,300 shares, a growth 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 presently 0.5 days.

Galp Energia, SGPS Stock Up 0.5 %

Shares of Galp Energia, SGPS stock traded up $0.04 on Thursday, reaching $8.46. The stock had a trading volume of 45,391 shares, compared to its average volume of 75,162. The company has a 50 day moving average price of $8.54 and a 200 day moving average price of $9.19. The stock has a market capitalization of $11.77 billion, a P/E ratio of 9.00 and a beta of 0.46. Galp Energia, SGPS has a 1 year low of $7.46 and a 1 year high of $11.05.

Galp Energia, SGPS (OTCMKTS:GLPEY) last released its earnings results on Monday, October 28th. The energy company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter. On average, analysts forecast that Galp Energia, SGPS will post 0.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.