Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Decreases By 6.3%

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 28,100 shares, a decline of 6.3% from the October 15th total of 30,000 shares. Based on an average daily trading volume, of 24,900 shares, the days-to-cover ratio is currently 1.1 days.

Alvopetro Energy Stock Down 0.4 %

Shares of ALVOF stock opened at $3.43 on Monday. Alvopetro Energy has a 1-year low of $2.85 and a 1-year high of $5.78. The stock’s fifty day moving average price is $3.68 and its 200 day moving average price is $3.61. 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 company has a market cap of $125.17 million, a price-to-earnings ratio of 8.79 and a beta of 0.22.

Alvopetro Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 annualized dividend and a yield of 10.51%. Alvopetro Energy’s dividend payout ratio (DPR) is 92.31%.

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.