Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Sees Large Increase in Short Interest

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 23,700 shares, an increase of 45.4% from the September 15th total of 16,300 shares. Based on an average daily volume of 15,400 shares, the days-to-cover ratio is presently 1.5 days.

Alvopetro Energy Stock Performance

ALVOF opened at $3.69 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average price is $3.72 and its two-hundred day moving average price is $3.57. The firm has a market capitalization of $135.09 million, a P/E ratio of 10.54 and a beta of 0.19. Alvopetro Energy has a 12-month low of $2.85 and a 12-month high of $6.68.

Alvopetro Energy (OTCMKTS:ALVOF) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.06 earnings per share (EPS) 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, September 27th. This represents a $0.36 annualized dividend and a dividend yield of 9.76%. Alvopetro Energy’s payout ratio is 102.86%.

Alvopetro Energy Company Profile

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.