Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Up 580.6% in March

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 24,500 shares, a growth of 580.6% from the February 28th total of 3,600 shares. Based on an average daily trading volume, of 72,800 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Alvopetro Energy Stock Performance

Shares of ALVOF stock opened at $3.59 on Friday. The company has a market cap of $130.82 million, a P/E ratio of 9.20 and a beta of 0.09. The firm has a fifty day moving average price of $3.43 and a 200 day moving average price of $3.53. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.08. Alvopetro Energy has a 12 month low of $2.85 and a 12 month high of $4.00.

Alvopetro Energy (OTCMKTS:ALVOF) 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). Alvopetro Energy had a return on equity of 27.00% and a net margin of 29.06%. The business had revenue of $10.21 million for the quarter, compared to analyst estimates of $15.49 million.

Alvopetro Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.40 annualized dividend and a yield of 11.14%. Alvopetro Energy’s dividend payout ratio 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.