Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Sees Significant Growth in Short Interest

Alvopetro Energy Ltd. (OTCMKTS:ALVOF - Get Free Report) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 24,500 shares, a growth of 580.6% from the February 28th total of 3,600 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 72,800 shares, the days-to-cover ratio is presently 0.3 days.

Alvopetro Energy Price Performance

Shares of OTCMKTS ALVOF traded up $0.01 during midday trading on Friday, reaching $3.60. 12,300 shares of the stock traded hands, compared to its average volume of 19,103. The company's 50 day moving average is $3.43 and its 200 day moving average is $3.52. Alvopetro Energy has a one year low of $2.85 and a one 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. The stock has a market capitalization of $131.09 million, a PE ratio of 9.23 and a beta of 0.09.

Alvopetro Energy (OTCMKTS:ALVOF - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.06). Alvopetro Energy had a net margin of 29.06% and a return on equity of 27.00%. The business had revenue of $10.21 million for the quarter, compared to the consensus estimate of $15.49 million.

Alvopetro Energy Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 11.11%. The ex-dividend date of this dividend is Monday, March 31st. Alvopetro Energy's payout ratio is 93.02%.

About Alvopetro Energy

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.