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

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

Alvopetro Energy Stock Performance

ALVOF opened at $3.70 on Thursday. The stock’s 50 day simple moving average is $3.46 and its 200-day simple moving average 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. The stock has a market cap of $134.95 million, a PE ratio of 9.49 and a beta of 0.09. Alvopetro Energy has a 1 year low of $2.85 and a 1 year high of $5.05.

Alvopetro Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 9.73%. The ex-dividend date was Tuesday, December 31st. Alvopetro Energy’s dividend payout ratio (DPR) is presently 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.