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

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a significant decline in short interest in February. As of February 15th, there was short interest totalling 6,200 shares, a decline of 40.4% from the January 31st total of 10,400 shares. Based on an average daily trading volume, of 44,200 shares, the short-interest ratio is presently 0.1 days.

Alvopetro Energy Price Performance

Shares of Alvopetro Energy stock opened at $3.27 on Tuesday. The stock has a market capitalization of $119.16 million, a price-to-earnings ratio of 8.38 and a beta of 0.07. The firm’s 50-day moving average price is $3.54 and its two-hundred day moving average price is $3.58. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.08. Alvopetro Energy has a 1-year low of $2.85 and a 1-year high of $4.51.

Alvopetro Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.09 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 11.01%. Alvopetro Energy’s dividend payout ratio (DPR) 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.