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

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 10,400 shares, a decline 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 Trading Up 2.3 %

Shares of OTCMKTS ALVOF opened at $3.50 on Friday. The business 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 stock has a market cap of $127.65 million, a price-to-earnings ratio of 8.97 and a beta of 0.07. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.10 and a current ratio of 2.10.

Alvopetro Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 10.29%. The ex-dividend date was Tuesday, December 31st. Alvopetro Energy’s dividend 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.