Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Update

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) saw a large growth in short interest in August. As of August 31st, there was short interest totalling 17,900 shares, a growth of 8.5% from the August 15th total of 16,500 shares. Based on an average daily volume of 35,400 shares, the short-interest ratio is currently 0.5 days.

Alvopetro Energy Price Performance

Shares of OTCMKTS ALVOF opened at $3.76 on Wednesday. The firm has a market capitalization of $137.68 million, a P/E ratio of 6.84 and a beta of 0.19. Alvopetro Energy has a one year low of $2.85 and a one year high of $7.14. The company’s fifty day moving average is $3.62 and its two-hundred day moving average is $3.58. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.38 and a current ratio of 2.38.

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

Alvopetro Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 9.57%. The ex-dividend date of this dividend is Monday, September 30th. Alvopetro Energy’s dividend payout ratio (DPR) 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.