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

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

Alvopetro Energy Stock Performance

ALVOF opened at $3.65 on Tuesday. The company’s 50 day moving average is $3.46 and its 200 day moving average is $3.58. 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 $133.13 million, a price-to-earnings ratio of 9.36 and a beta of 0.09. Alvopetro Energy has a 12-month low of $2.85 and a 12-month high of $5.05.

Alvopetro Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 9.86%. The ex-dividend date is Tuesday, December 31st. Alvopetro Energy’s payout ratio is 92.31%.

About Alvopetro Energy

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.