Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Increases By 66.7%

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 101,200 shares, a growth of 66.7% from the November 30th total of 60,700 shares. Based on an average daily trading volume, of 139,800 shares, the short-interest ratio is currently 0.7 days.

Alvopetro Energy Price Performance

Shares of Alvopetro Energy stock traded up $0.12 during trading hours on Friday, reaching $3.60. The company’s stock had a trading volume of 10,785 shares, compared to its average volume of 19,494. 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 has a one year low of $2.85 and a one year high of $5.09. The firm has a 50 day moving average price of $3.45 and a 200-day moving average price of $3.55. The stock has a market cap of $131.43 million, a P/E ratio of 9.23 and a beta of 0.14.

Alvopetro Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 10.00%. Alvopetro Energy’s dividend payout ratio (DPR) is presently 92.31%.

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.