Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Declines By 65.3%

Alvopetro Energy Ltd. (OTCMKTS:ALVOF - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 8,500 shares, a decrease of 65.3% from the March 15th total of 24,500 shares. Based on an average daily trading volume, of 50,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company's stock are sold short.

Alvopetro Energy Stock Up 4.6 %

Shares of OTCMKTS:ALVOF traded up $0.16 during trading on Friday, reaching $3.65. 3,285 shares of the company traded hands, compared to its average volume of 19,096. Alvopetro Energy has a 1-year low of $3.01 and a 1-year high of $4.00. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.08. The firm has a market cap of $132.87 million, a P/E ratio of 9.36 and a beta of 0.02. The firm has a fifty day simple moving average of $3.39 and a 200 day simple moving average of $3.48.

Alvopetro Energy (OTCMKTS:ALVOF - Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.06). The firm had revenue of $10.21 million during the quarter, compared to analyst estimates 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 was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 10.96%. The ex-dividend date was Monday, March 31st. Alvopetro Energy's dividend payout ratio (DPR) is presently 93.02%.

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.