Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Sees Significant Growth in Short Interest

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 30,000 shares, an increase of 26.6% from the September 30th total of 23,700 shares. Based on an average daily volume of 25,300 shares, the days-to-cover ratio is presently 1.2 days.

Alvopetro Energy Stock Down 0.4 %

ALVOF opened at $3.59 on Wednesday. The firm’s 50-day simple moving average is $3.74 and its 200-day simple moving average is $3.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.38 and a current ratio of 2.38. Alvopetro Energy has a twelve month low of $2.85 and a twelve month high of $6.68. The firm has a market cap of $131.41 million, a price-to-earnings ratio of 10.27 and a beta of 0.19.

Alvopetro Energy (OTCMKTS:ALVOF) last posted its 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 business had revenue of $10.67 million for the quarter.

Alvopetro Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.09 per share. The ex-dividend date was Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 10.02%. Alvopetro Energy’s dividend payout ratio (DPR) is 102.86%.

About Alvopetro Energy

Alvopetro Energy Ltd. operates as an independent upstream and midstream operator. It engages in the acquisition, exploration, development, and production of hydrocarbons. The company 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.