Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Drops By 41.9%

Alvopetro Energy Ltd. (OTCMKTS:ALVOFGet Free Report) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 3,600 shares, a decrease of 41.9% from the February 13th total of 6,200 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 20,000 shares, the days-to-cover ratio is presently 0.2 days.

Alvopetro Energy Stock Performance

OTCMKTS:ALVOF opened at $3.20 on Friday. Alvopetro Energy has a twelve month low of $2.85 and a twelve month high of $4.13. 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 company has a market cap of $116.61 million, a P/E ratio of 8.21 and a beta of 0.09. The company’s 50-day moving average price is $3.47 and its 200-day moving average price is $3.54.

Alvopetro Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 11.25%. The ex-dividend date was Tuesday, December 31st. Alvopetro Energy’s dividend payout ratio (DPR) is presently 92.31%.

About Alvopetro Energy

(Get Free Report)

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.

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