Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Grows By 82.3%

Alvopetro Energy Ltd. (OTCMKTS:ALVOF - Get Free Report) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 60,700 shares, a growth of 82.3% from the November 15th total of 33,300 shares. Based on an average daily volume of 53,400 shares, the days-to-cover ratio is presently 1.1 days.

Alvopetro Energy Stock Performance

Shares of OTCMKTS:ALVOF traded up $0.18 during trading on Thursday, reaching $3.61. The stock had a trading volume of 174,620 shares, compared to its average volume of 20,059. Alvopetro Energy has a 52 week low of $2.85 and a 52 week high of $5.49. The stock has a fifty day simple moving average of $3.49 and a two-hundred day simple moving average of $3.55. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $131.97 million, a price-to-earnings ratio of 9.26 and a beta of 0.14.

Alvopetro Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 9.97%. The ex-dividend date of this dividend was Friday, September 27th. Alvopetro Energy's dividend payout ratio 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.