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

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 3,600 shares, a decline of 41.9% from the February 13th total of 6,200 shares. Based on an average trading volume of 20,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Alvopetro Energy Stock Up 0.6 %

OTCMKTS:ALVOF opened at $3.20 on Monday. Alvopetro Energy has a 1 year low of $2.85 and a 1 year high of $4.13. 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 has a market cap of $116.61 million, a price-to-earnings ratio of 8.21 and a beta of 0.09. The stock has a 50-day moving average price of $3.47 and a two-hundred day moving average price of $3.54.

Alvopetro Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 11.25%. Alvopetro Energy’s payout ratio is 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.