Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Sees Significant Increase in Short Interest

Alvopetro Energy Ltd. (OTCMKTS:ALVOF - Get Free Report) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 38,700 shares, a growth of 383.8% from the May 15th total of 8,000 shares. Currently, 0.1% of the company's stock are short sold. Based on an average trading volume of 74,400 shares, the days-to-cover ratio is presently 0.5 days.

Alvopetro Energy Stock Up 1.1%

Alvopetro Energy stock traded up $0.05 during mid-day trading on Thursday, hitting $4.47. The company had a trading volume of 13,802 shares, compared to its average volume of 19,150. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.08. The stock's 50 day moving average price is $3.92 and its two-hundred day moving average price is $3.62. Alvopetro Energy has a 12 month low of $3.01 and a 12 month high of $4.48. The company has a market capitalization of $162.73 million, a PE ratio of 11.46 and a beta of 0.04.

Alvopetro Energy (OTCMKTS:ALVOF - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Alvopetro Energy had a return on equity of 27.00% and a net margin of 29.06%. The company had revenue of $14.01 million during the quarter, compared to the consensus estimate of $18.94 million.

Alvopetro Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.95%. The ex-dividend date was Monday, March 31st. Alvopetro Energy's dividend payout ratio 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.