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

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 24,500 shares, a growth of 580.6% from the February 28th total of 3,600 shares. Based on an average trading volume of 72,800 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Alvopetro Energy Stock Down 0.3 %

Shares of OTCMKTS:ALVOF traded down $0.01 during trading hours on Wednesday, hitting $3.57. The company’s stock had a trading volume of 7,098 shares, compared to its average volume of 19,353. The firm’s fifty day moving average price is $3.43 and its 200 day moving average price is $3.52. Alvopetro Energy has a 52 week low of $2.85 and a 52 week high of $4.00. The company has a market capitalization of $130.09 million, a price-to-earnings ratio of 9.15 and a beta of 0.09. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.10 and a quick ratio of 2.10.

Alvopetro Energy (OTCMKTS:ALVOF) last posted its earnings results on Tuesday, March 18th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.06). The company had revenue of $10.21 million for the quarter, compared to analysts’ expectations of $15.49 million. Alvopetro Energy had a return on equity of 27.00% and a net margin of 29.06%.

Alvopetro Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.10 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.40 dividend on an annualized basis and a yield of 11.20%. Alvopetro Energy’s dividend payout ratio is presently 93.02%.

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.