Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Expands By 23.5%

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 4,200 shares, an increase of 23.5% from the May 31st total of 3,400 shares. Based on an average trading volume of 42,400 shares, the days-to-cover ratio is currently 0.1 days.

Alvopetro Energy Stock Down 1.7 %

ALVOF stock opened at $3.38 on Tuesday. The stock’s 50 day simple moving average is $3.54 and its 200 day simple moving average is $4.01. The company has a market cap of $123.77 million, a P/E ratio of 6.15 and a beta of 0.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.65 and a current ratio of 2.65. Alvopetro Energy has a fifty-two week low of $2.85 and a fifty-two week high of $8.07.

Alvopetro Energy (OTCMKTS:ALVOF) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.12 earnings per share (EPS) for the quarter. Alvopetro Energy had a net margin of 39.18% and a return on equity of 33.00%. The business had revenue of $11.75 million during the quarter.

Alvopetro Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 10.65%. The ex-dividend date of this dividend is Friday, June 28th. Alvopetro Energy’s payout ratio is presently 65.45%.

Alvopetro Energy Company Profile

Alvopetro Energy Ltd. engages in the acquisition, exploration, development, and production of hydrocarbons. It 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.