Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Sees Large Decrease in Short Interest

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

Alvopetro Energy Trading Down 0.8 %

OTCMKTS ALVOF opened at $3.42 on Friday. The stock’s fifty day moving average price is $3.50 and its 200-day moving average price is $3.59. 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 stock has a market cap of $124.73 million, a P/E ratio of 5.56 and a beta of 0.09. Alvopetro Energy has a 12 month low of $2.85 and a 12 month high of $4.98.

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

Alvopetro Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 10.53%. Alvopetro Energy’s dividend payout ratio is presently 92.31%.

Alvopetro Energy Company Profile

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.