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

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

Alvopetro Energy Stock Performance

OTCMKTS:ALVOF opened at $3.76 on Wednesday. The firm’s fifty day moving average price is $3.62 and its 200 day moving average price is $3.58. Alvopetro Energy has a 1-year low of $2.85 and a 1-year high of $7.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a market cap of $137.68 million, a price-to-earnings ratio of 6.84 and a beta of 0.19.

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

Alvopetro Energy Announces Dividend

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