Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Decreases By 8.9%

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 16,300 shares, a drop of 8.9% from the August 31st total of 17,900 shares. Based on an average daily volume of 16,900 shares, the days-to-cover ratio is presently 1.0 days.

Alvopetro Energy Trading Up 3.0 %

Shares of ALVOF traded up $0.11 during trading hours on Friday, reaching $3.87. 15,707 shares of the company traded hands, compared to its average volume of 18,184. The firm has a market cap of $141.71 million, a price-to-earnings ratio of 7.04 and a beta of 0.19. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.09. Alvopetro Energy has a 12-month low of $2.85 and a 12-month high of $6.78. The stock’s fifty day moving average price is $3.67 and its 200 day moving average price is $3.56.

Alvopetro Energy (OTCMKTS:ALVOF) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.06 earnings per share 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 during the quarter.

Alvopetro Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 9.30%. The ex-dividend date is Friday, September 27th. Alvopetro Energy’s payout ratio is 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.