Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Rises By 18.5%

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 33,300 shares, an increase of 18.5% from the October 31st total of 28,100 shares. Based on an average trading volume of 31,600 shares, the short-interest ratio is currently 1.1 days.

Alvopetro Energy Trading Down 0.3 %

OTCMKTS ALVOF opened at $3.09 on Monday. The firm’s fifty day simple moving average is $3.57 and its 200-day simple moving average is $3.58. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.08. Alvopetro Energy has a 1-year low of $2.85 and a 1-year high of $5.56. The company has a market capitalization of $112.96 million, a PE ratio of 7.92 and a beta of 0.22.

Alvopetro Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 11.65%. The ex-dividend date of this dividend was Friday, September 27th. Alvopetro Energy’s payout ratio is presently 92.31%.

Alvopetro Energy Company Profile

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.