Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Sees Significant Growth in Short Interest

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 4,262 shares, a growth of 1,508.3% from the February 12th total of 265 shares. Based on an average trading volume of 41,924 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 41,924 shares, the days-to-cover ratio is presently 0.1 days.

Alvopetro Energy Trading Down 2.7%

Shares of OTCMKTS:ALVOF opened at $5.96 on Wednesday. The firm has a market cap of $218.73 million and a price-to-earnings ratio of 11.45. Alvopetro Energy has a 12 month low of $3.17 and a 12 month high of $6.38. The company’s fifty day simple moving average is $5.43 and its 200 day simple moving average is $4.90. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.06.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Alvopetro Energy to a “hold” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Alvopetro Energy presently has a consensus rating of “Hold”.

About Alvopetro Energy

Alvopetro Energy Inc (OTCMKTS: ALVOF) is a Canada-based oil and gas exploration and production company focused on acquiring and developing upstream assets in Brazil. The company targets conventional hydrocarbon resources through a combination of license acquisitions, seismic appraisal and drilling operations, seeking to build a sustainable production profile in emerging Brazilian basins.

Alvopetro’s principal activities are centered in the Potiguar Basin of northeastern Brazil, where it holds working interests in both onshore and shallow-water concession areas.