Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Update

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 101,200 shares, an increase of 66.7% from the November 30th total of 60,700 shares. Based on an average daily trading volume, of 139,800 shares, the days-to-cover ratio is presently 0.7 days.

Alvopetro Energy Trading Up 3.4 %

Shares of ALVOF stock opened at $3.60 on Friday. The business’s fifty day moving average price is $3.45 and its 200 day moving average price is $3.55. The firm has a market capitalization of $131.43 million, a PE ratio of 9.23 and a beta of 0.14. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.10 and a quick ratio of 2.10. Alvopetro Energy has a 1-year low of $2.85 and a 1-year high of $5.09.

Alvopetro Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 10.00%. 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.