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

Alvopetro Energy Ltd. (OTCMKTS:ALVOF - Get Free Report) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 30,000 shares, an increase of 26.6% from the September 30th total of 23,700 shares. Based on an average trading volume of 25,300 shares, the short-interest ratio is presently 1.2 days.

Alvopetro Energy Trading Down 0.1 %

OTCMKTS ALVOF traded down $0.00 during trading hours on Monday, hitting $3.61. The company's stock had a trading volume of 19,859 shares, compared to its average volume of 17,603. Alvopetro Energy has a twelve month low of $2.85 and a twelve month high of $6.68. The firm has a market capitalization of $132.07 million, a P/E ratio of 6.56 and a beta of 0.19. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average of $3.75 and a 200 day moving average of $3.60.

Alvopetro Energy (OTCMKTS:ALVOF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $10.67 million for the quarter. Alvopetro Energy had a return on equity of 25.22% and a net margin of 26.72%.

Alvopetro Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.09 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 9.98%. Alvopetro Energy's dividend payout ratio is 65.45%.

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.