Galp Energia SGPS SA (OTCMKTS:GLPEY) Short Interest Up 144.4% in September

Key Points

• Galp Energia SGPS SA experienced a significant increase in short interest of 144.4% in September, rising from 7,200 to 17,600 shares.
• The company reported an EPS of $0.24 for the latest quarter, surpassing analysts' expectations of $0.16, along with a revenue of $5.77 billion compared to estimates of $3.83 billion.
• Galp Energia SGPS declared a dividend yield of 179.0% with a payout ratio of 22.54%, although it recently cut its dividend.

Galp Energia SGPS SA (OTCMKTS:GLPEY - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 17,600 shares, a growth of 144.4% from the September 15th total of 7,200 shares. Based on an average trading volume of 62,200 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 62,200 shares, the days-to-cover ratio is presently 0.3 days.

Galp Energia SGPS Stock Up 0.3%

OTCMKTS GLPEY traded up $0.03 during trading on Friday, reaching $9.31. 19,715 shares of the company's stock were exchanged, compared to its average volume of 40,565. Galp Energia SGPS has a fifty-two week low of $6.76 and a fifty-two week high of $10.11. The firm has a market capitalization of $12.95 billion, a PE ratio of 13.11 and a beta of 0.30. The company has a current ratio of 1.64, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. The company's fifty day simple moving average is $9.47 and its 200-day simple moving average is $8.84.

Galp Energia SGPS (OTCMKTS:GLPEY - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The energy company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.08. Galp Energia SGPS had a return on equity of 18.15% and a net margin of 4.79%.The firm had revenue of $5.77 billion during the quarter, compared to analyst estimates of $3.83 billion. Sell-side analysts predict that Galp Energia SGPS will post 0.75 EPS for the current year.

Galp Energia SGPS Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were paid a dividend of $0.0821 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a dividend yield of 179.0%. Galp Energia SGPS's dividend payout ratio (DPR) is 22.54%.

Galp Energia SGPS Company Profile

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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