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

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 10,400 shares, a decrease of 76.4% from the January 15th total of 44,000 shares. Based on an average trading volume of 25,100 shares, the days-to-cover ratio is presently 0.4 days.

Alvopetro Energy Trading Up 2.3 %

Shares of ALVOF stock traded up $0.08 during trading hours on Wednesday, hitting $3.50. 5,563 shares of the company were exchanged, compared to its average volume of 11,654. Alvopetro Energy has a 1 year low of $2.85 and a 1 year high of $4.98. The firm has a fifty day moving average of $3.56 and a 200 day moving average of $3.59. The firm has a market cap of $127.65 million, a PE ratio of 8.97 and a beta of 0.07. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.09 dividend. 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 10.29%. Alvopetro Energy’s dividend payout ratio (DPR) is presently 92.31%.

About Alvopetro Energy

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.