Galp Energia SGPS SA (OTCMKTS:GLPEY) Short Interest Update

Key Points

• Galp Energia SGPS experienced a staggering 2,240.0% increase in short interest in August, climbing from 500 shares to 11,700 shares.
• Research firms such as Sanford C. Bernstein and UBS Group upgraded Galp's stock rating to “strong-buy”, contributing to a consensus rating of "Strong Buy" among analysts.
• The company declared a dividend of $0.0821, with a notable yield of 179.0%, despite a recent net margin of 4.79% and a revenue report of $5.77 billion for the quarter.

Galp Energia SGPS SA (OTCMKTS:GLPEY - Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 11,700 shares, agrowthof2,240.0% from the July 31st total of 500 shares. Based on an average daily volume of 62,700 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 62,700 shares, the days-to-cover ratio is currently 0.2 days.

Galp Energia SGPS Stock Down 1.3%

Shares of GLPEY stock traded down $0.13 on Friday, hitting $9.21. The stock had a trading volume of 29,605 shares, compared to its average volume of 27,119. Galp Energia SGPS has a one year low of $6.76 and a one year high of $9.90. The business has a 50 day moving average price of $9.49 and a 200 day moving average price of $8.59. The company has a market cap of $12.82 billion, a PE ratio of 12.98 and a beta of 0.37. The company has a quick ratio of 1.32, a current ratio of 1.64 and a debt-to-equity ratio of 0.59.

Galp Energia SGPS (OTCMKTS:GLPEY - Get Free Report) last issued its earnings results on Monday, July 21st. The energy company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.08. The company had revenue of $5.77 billion for the quarter, compared to analysts' expectations of $3.83 billion. Galp Energia SGPS had a net margin of 4.79% and a return on equity of 18.15%. Research analysts anticipate that Galp Energia SGPS will post 0.75 earnings per share for the current fiscal year.

Galp Energia SGPS Cuts Dividend

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

Analyst Ratings Changes

GLPEY has been the topic of several recent analyst reports. Sanford C. Bernstein raised shares of Galp Energia SGPS from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 17th. UBS Group upgraded shares of Galp Energia SGPS from a "hold" rating to a "strong-buy" rating in a research note on Monday, June 2nd. Four analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Galp Energia SGPS has an average rating of "Strong Buy".

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.