Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Up 66.7% in December

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 101,200 shares, a growth of 66.7% from the November 30th total of 60,700 shares. Based on an average trading volume of 139,800 shares, the days-to-cover ratio is currently 0.7 days.

Alvopetro Energy Trading Up 3.4 %

Alvopetro Energy stock traded up $0.12 during midday trading on Friday, reaching $3.60. The stock had a trading volume of 10,785 shares, compared to its average volume of 19,494. Alvopetro Energy has a 52-week low of $2.85 and a 52-week high of $5.09. The company has a fifty day moving average of $3.45 and a 200 day moving average of $3.55. The firm has a market cap of $131.43 million, a price-to-earnings ratio of 9.23 and a beta of 0.14. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.08.

Alvopetro Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date of this dividend is Tuesday, December 31st. Alvopetro Energy’s payout ratio is currently 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.