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

Key Points

• 257.1% increase in short interest in April to 30,459 shares (about 0.1% of shares short) with a short-interest ratio of 0.4 days based on average volume.
• The company beat quarterly EPS estimates ($0.15 vs. $0.14) but missed on revenue ($15.76M vs. $20.59M); Alvopetro shows strong profitability (ROE 24.88%, net margin 39.86%) and analysts forecast 0.82 EPS for the year.
• Shares opened at $6.13, with a market cap of about $226.6M and a P/E of 10.04, and the stock carries an average "Hold" rating (Zacks upgraded to Hold).

Alvopetro Energy Ltd. (OTCMKTS:ALVOF - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 30,459 shares, an increase of 257.1% from the March 31st total of 8,529 shares. Based on an average trading volume of 68,804 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company's shares are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Alvopetro Energy to a "hold" rating in a research note on Monday, January 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Alvopetro Energy has an average rating of "Hold".

Alvopetro Energy Trading Down 1.4%

ALVOF opened at $6.13 on Friday. The business has a 50 day simple moving average of $6.28 and a two-hundred day simple moving average of $5.29. The firm has a market capitalization of $226.56 million, a price-to-earnings ratio of 10.04 and a beta of -0.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.86 and a quick ratio of 1.86. Alvopetro Energy has a one year low of $3.61 and a one year high of $7.97.

Alvopetro Energy (OTCMKTS:ALVOF - Get Free Report) last released its quarterly earnings results on Tuesday, March 17th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The business had revenue of $15.76 million during the quarter, compared to analyst estimates of $20.59 million. Alvopetro Energy had a return on equity of 24.88% and a net margin of 39.86%. Analysts predict that Alvopetro Energy will post 0.82 EPS for the current year.

Alvopetro Energy Company Profile

Alvopetro Energy Inc OTCMKTS: ALVOF is a Canada-based oil and gas exploration and production company focused on acquiring and developing upstream assets in Brazil. The company targets conventional hydrocarbon resources through a combination of license acquisitions, seismic appraisal and drilling operations, seeking to build a sustainable production profile in emerging Brazilian basins.

Alvopetro’s principal activities are centered in the Potiguar Basin of northeastern Brazil, where it holds working interests in both onshore and shallow-water concession areas.

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