Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Down 49.3% in December

Alvopetro Energy Ltd. (OTCMKTS:ALVOF - Get Free Report) was the target of 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 trading volume, of 20,400 shares, the days-to-cover ratio is presently 2.5 days.

Alvopetro Energy Price Performance

ALVOF stock traded up $0.03 during trading on Tuesday, hitting $3.68. 3,943 shares of the company's stock traded hands, compared to its average volume of 9,243. Alvopetro Energy has a 52 week low of $2.85 and a 52 week high of $5.05. The stock has a market capitalization of $134.22 million, a price-to-earnings ratio of 9.44 and a beta of 0.09. The business has a fifty day simple moving average of $3.46 and a 200 day simple moving average of $3.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.10 and a current ratio of 2.10.

Alvopetro Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 annualized dividend and a yield of 9.78%. Alvopetro Energy's payout ratio is currently 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.