Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Down 63.6% in May

Alvopetro Energy Ltd. (OTCMKTS:ALVOF - Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 8,000 shares, a drop of 63.6% from the April 30th total of 22,000 shares. Based on an average daily trading volume, of 32,200 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company's shares are short sold.

Alvopetro Energy Stock Up 1.5%

Shares of ALVOF traded up $0.06 during midday trading on Monday, hitting $4.36. The stock had a trading volume of 4,626 shares, compared to its average volume of 20,125. The company has a 50 day simple moving average of $3.81 and a two-hundred day simple moving average of $3.57. Alvopetro Energy has a twelve month low of $3.01 and a twelve month high of $4.40. The firm has a market cap of $158.54 million, a price-to-earnings ratio of 11.17 and a beta of 0.01. 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 - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $14.01 million for the quarter, compared to the consensus estimate of $18.94 million. Alvopetro Energy had a return on equity of 27.00% and a net margin of 29.06%.

Alvopetro Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.10 per share. The ex-dividend date was Monday, March 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.18%. Alvopetro Energy's dividend payout ratio (DPR) is currently 85.11%.

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.