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

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

Alvopetro Energy Trading Down 1.7 %

Alvopetro Energy stock opened at $3.38 on Tuesday. Alvopetro Energy has a 12 month low of $2.85 and a 12 month high of $8.07. The company has a market capitalization of $123.77 million, a price-to-earnings ratio of 6.15 and a beta of 0.21. The business’s fifty day simple moving average is $3.54 and its two-hundred day simple moving average is $4.01. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.08.

Alvopetro Energy (OTCMKTS:ALVOF) last announced 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 company had revenue of $11.75 million for the quarter.

Alvopetro Energy Announces Dividend

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