Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Drops By 76.4%

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 10,400 shares, a decrease of 76.4% from the January 15th total of 44,000 shares. Based on an average daily volume of 25,100 shares, the days-to-cover ratio is presently 0.4 days.

Alvopetro Energy Stock Up 2.3 %

Shares of ALVOF opened at $3.50 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 has a 50-day simple moving average of $3.57 and a 200-day simple moving average of $3.58. Alvopetro Energy has a 52 week low of $2.85 and a 52 week high of $4.98. The firm has a market capitalization of $127.65 million, a P/E ratio of 8.97 and a beta of 0.07.

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 given a $0.09 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 10.29%. 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.