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

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 24,500 shares, an increase of 580.6% from the February 28th total of 3,600 shares. Based on an average trading volume of 72,800 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Alvopetro Energy Stock Performance

ALVOF stock traded down $0.01 during midday trading on Wednesday, hitting $3.57. 7,098 shares of the stock traded hands, compared to its average volume of 19,353. The stock’s fifty day simple moving average is $3.43 and its 200-day simple moving average is $3.52. The firm has a market cap of $130.09 million, a P/E ratio of 9.15 and a beta of 0.09. Alvopetro Energy has a 1-year low of $2.85 and a 1-year high of $4.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.10 and a quick ratio of 2.10.

Alvopetro Energy (OTCMKTS:ALVOF) last posted its earnings results on Tuesday, March 18th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.06). The business had revenue of $10.21 million for the quarter, compared to analyst estimates of $15.49 million. Alvopetro Energy had a net margin of 29.06% and a return on equity of 27.00%.

Alvopetro Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.20%. The ex-dividend date is Monday, March 31st. Alvopetro Energy’s dividend payout ratio (DPR) is presently 93.02%.

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.