Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Down 6.3% in October

Alvopetro Energy Ltd. (OTCMKTS:ALVOF - Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 28,100 shares, a decline of 6.3% from the October 15th total of 30,000 shares. Based on an average daily volume of 24,900 shares, the days-to-cover ratio is presently 1.1 days.

Alvopetro Energy Stock Down 0.8 %

Shares of ALVOF traded down $0.03 during trading hours on Monday, hitting $3.40. The company had a trading volume of 6,969 shares, compared to its average volume of 17,377. The firm has a fifty day moving average price of $3.67 and a 200-day moving average price of $3.61. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a market capitalization of $124.22 million, a price-to-earnings ratio of 8.72 and a beta of 0.22. Alvopetro Energy has a 52-week low of $2.85 and a 52-week high of $5.61.

Alvopetro Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.09 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 10.59%. Alvopetro Energy's payout ratio is 92.31%.

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.