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

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 10,400 shares, a drop of 76.4% from the January 15th total of 44,000 shares. Based on an average daily volume of 25,100 shares, the short-interest ratio is currently 0.4 days.

Alvopetro Energy Stock Up 2.3 %

ALVOF traded up $0.08 on Wednesday, reaching $3.50. The company’s stock had a trading volume of 5,563 shares, compared to its average volume of 11,654. Alvopetro Energy has a 1 year low of $2.85 and a 1 year high of $4.98. The business’s 50 day moving average is $3.56 and its 200 day moving average is $3.59. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.10 and a quick ratio of 2.10. The stock has a market cap of $127.65 million, a price-to-earnings ratio of 8.97 and a beta of 0.07.

Alvopetro Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.09 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 10.29%. Alvopetro Energy’s dividend payout ratio (DPR) is 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.