Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Up 120.7% in August

Key Points

• Short interest in Alvopetro Energy Ltd. increased by 120.7% in August, growing from 2,900 shares to 6,400 shares.
• The company reported earnings of $0.18 per share for the quarter, exceeding analysts' estimates, although revenue fell short at $14.01 million.
• Alvopetro Energy's market capitalization is approximately $174.05 million, with shares currently trading around $4.75.

Alvopetro Energy Ltd. (OTCMKTS:ALVOF - Get Free Report) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 6,400 shares, agrowthof120.7% from the July 31st total of 2,900 shares. Based on an average daily volume of 17,400 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 17,400 shares, the short-interest ratio is presently 0.4 days.

Alvopetro Energy Stock Down 2.6%

Shares of OTCMKTS ALVOF traded down $0.13 during trading on Friday, hitting $4.80. 23,153 shares of the company traded hands, compared to its average volume of 13,628. The business's fifty day moving average is $4.33 and its 200 day moving average is $4.01. Alvopetro Energy has a fifty-two week low of $3.01 and a fifty-two week high of $5.30. The firm has a market capitalization of $176.11 million, a price-to-earnings ratio of 8.14 and a beta of 0.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.43 and a current ratio of 1.43.

Alvopetro Energy (OTCMKTS:ALVOF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03. Alvopetro Energy had a net margin of 43.62% and a return on equity of 25.76%. The firm had revenue of $14.01 million for the quarter, compared to analyst estimates of $17.02 million.

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.