Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Drops By 41.9%

Alvopetro Energy Ltd. (OTCMKTS:ALVOFGet Free Report) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 3,600 shares, a decline of 41.9% from the February 13th total of 6,200 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 20,000 shares, the short-interest ratio is presently 0.2 days.

Alvopetro Energy Stock Performance

Shares of Alvopetro Energy stock opened at $3.20 on Friday. The business has a 50-day simple moving average of $3.47 and a 200-day simple moving average of $3.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.10 and a current ratio of 2.10. Alvopetro Energy has a one year low of $2.85 and a one year high of $4.13. The company has a market cap of $116.61 million, a PE ratio of 8.21 and a beta of 0.09.

Alvopetro Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 11.25%. Alvopetro Energy’s payout ratio is currently 92.31%.

About Alvopetro Energy

(Get Free Report)

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.

Further Reading

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