Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Rises By 82.3%

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 60,700 shares, an increase of 82.3% from the November 15th total of 33,300 shares. Based on an average daily volume of 53,400 shares, the days-to-cover ratio is currently 1.1 days.

Alvopetro Energy Stock Performance

ALVOF stock opened at $3.61 on Friday. The business’s fifty day moving average is $3.49 and its 200-day moving average is $3.55. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.08. The company has a market cap of $131.97 million, a P/E ratio of 9.26 and a beta of 0.14. Alvopetro Energy has a twelve month low of $2.85 and a twelve month high of $5.49.

Alvopetro Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 9.97%. The ex-dividend date of this dividend was Friday, September 27th. Alvopetro Energy’s dividend payout ratio (DPR) is presently 92.31%.

Alvopetro Energy Company Profile

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.