Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Decreases By 49.3%

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

Alvopetro Energy Price Performance

Alvopetro Energy stock opened at $3.42 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.10 and a current ratio of 2.10. The company’s 50 day simple moving average is $3.50 and its 200-day simple moving average is $3.59. Alvopetro Energy has a 1 year low of $2.85 and a 1 year high of $4.98. The company has a market capitalization of $124.73 million, a price-to-earnings ratio of 5.56 and a beta of 0.09.

Alvopetro Energy (OTCMKTS:ALVOF) last released its earnings results on Wednesday, November 6th. The company reported $0.19 EPS for the quarter. Alvopetro Energy had a return on equity of 27.00% and a net margin of 29.06%. The firm had revenue of $12.88 million during the quarter.

Alvopetro Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 10.53%. The ex-dividend date of this dividend was Tuesday, December 31st. Alvopetro Energy’s dividend payout ratio is currently 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.