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

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 51,300 shares, a drop of 49.3% from the December 15th total of 101,200 shares. Based on an average trading volume of 20,400 shares, the short-interest ratio is currently 2.5 days.

Alvopetro Energy Stock Performance

OTCMKTS ALVOF opened at $3.68 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $134.22 million, a price-to-earnings ratio of 9.44 and a beta of 0.09. The stock has a 50-day moving average of $3.46 and a 200 day moving average of $3.58. Alvopetro Energy has a twelve month low of $2.85 and a twelve month high of $5.05.

Alvopetro Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 9.78%. The ex-dividend date of this dividend is Tuesday, December 31st. Alvopetro Energy’s dividend payout ratio 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.