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

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY - Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 300 shares, a decline of 62.5% from the March 15th total of 800 shares. Based on an average trading volume of 86,800 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Galp Energia, SGPS Stock Performance

Galp Energia, SGPS stock traded down $0.01 during midday trading on Friday, reaching $7.62. The stock had a trading volume of 50,504 shares, compared to its average volume of 72,137. The firm has a market capitalization of $10.60 billion, a PE ratio of 8.11 and a beta of 0.24. Galp Energia, SGPS has a 12 month low of $6.76 and a 12 month high of $11.05. 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 firm's 50-day moving average price is $7.98 and its 200 day moving average price is $8.38.

Analysts Set New Price Targets

Separately, Cfra Research upgraded shares of Galp Energia, SGPS to a "moderate sell" rating in a research note on Tuesday, April 15th.

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.