Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Increases By 6.5%

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 16,500 shares, a growth of 6.5% from the July 31st total of 15,500 shares. Based on an average daily volume of 29,400 shares, the short-interest ratio is presently 0.6 days.

Alvopetro Energy Price Performance

Alvopetro Energy stock opened at $3.74 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a 50-day moving average of $3.53 and a two-hundred day moving average of $3.65. Alvopetro Energy has a 1 year low of $2.85 and a 1 year high of $7.43. The stock has a market cap of $136.96 million, a price-to-earnings ratio of 6.80 and a beta of 0.19.

Alvopetro Energy (OTCMKTS:ALVOF) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter. Alvopetro Energy had a net margin of 26.72% and a return on equity of 25.22%. The firm had revenue of $10.67 million for the quarter.

Alvopetro Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 9.63%. The ex-dividend date of this dividend was Friday, June 28th. Alvopetro Energy’s dividend payout ratio is presently 65.45%.

About Alvopetro Energy

Alvopetro Energy Ltd. engages in the acquisition, exploration, development, and production of hydrocarbons. It holds interests in the Caburé and Murucututu natural gas assets, Block 182 and 183 exploration assets, and Bom Lugar and Mãe-da-lua oil fields, which covers an area of approximately 22,166 acres in the Recôncavo basin onshore Brazil.