Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Down 40.4% in February

Alvopetro Energy Ltd. (OTCMKTS:ALVOF - Get Free Report) was the target of a significant drop in short interest in February. As of February 15th, there was short interest totalling 6,200 shares, a drop of 40.4% from the January 31st total of 10,400 shares. Based on an average daily trading volume, of 44,200 shares, the days-to-cover ratio is currently 0.1 days.

Alvopetro Energy Stock Up 2.2 %

Shares of OTCMKTS ALVOF traded up $0.07 during midday trading on Wednesday, reaching $3.24. The company's stock had a trading volume of 5,534 shares, compared to its average volume of 14,044. The stock has a 50 day simple moving average of $3.53 and a 200-day simple moving average of $3.57. 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 capitalization of $118.03 million, a price-to-earnings ratio of 8.31 and a beta of 0.09. Alvopetro Energy has a fifty-two week low of $2.85 and a fifty-two week high of $4.34.

Alvopetro Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 11.11%. The ex-dividend date of this dividend was Tuesday, December 31st. Alvopetro Energy's 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.