Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY) Sees Large Decrease in Short Interest

Galp Energia, SGPS, S.A. (OTCMKTS:GLPEY - Get Free Report) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 32,200 shares, a drop of 44.0% from the April 30th total of 57,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 240,000 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

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

Galp Energia, SGPS Price Performance

Shares of GLPEY traded up $0.22 during mid-day trading on Monday, reaching $8.35. 65,632 shares of the company's stock were exchanged, compared to its average volume of 75,904. 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 50-day simple moving average of $7.80 and a two-hundred day simple moving average of $8.17. Galp Energia, SGPS has a 52-week low of $6.76 and a 52-week high of $11.05. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 8.88 and a beta of 0.28.

Galp Energia, SGPS (OTCMKTS:GLPEY - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The energy company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.10. The business had revenue of $5.44 billion during the quarter, compared to analysts' expectations of $4.32 billion. Galp Energia, SGPS had a net margin of 6.17% and a return on equity of 24.38%. On average, sell-side analysts predict that Galp Energia, SGPS will post 0.75 EPS for the current fiscal year.

Galp Energia, SGPS Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 13th. Investors of record on Tuesday, June 3rd will be issued a dividend of $0.0978 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 2.2%. Galp Energia, SGPS's payout ratio is 18.09%.

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.