Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Decreases By 6.3%

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 28,100 shares, a drop of 6.3% from the October 15th total of 30,000 shares. Based on an average trading volume of 24,900 shares, the short-interest ratio is presently 1.1 days.

Alvopetro Energy Price Performance

Shares of ALVOF stock opened at $3.43 on Monday. Alvopetro Energy has a 52-week low of $2.85 and a 52-week high of $5.78. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.38 and a current ratio of 2.38. The firm has a market capitalization of $125.17 million, a P/E ratio of 8.79 and a beta of 0.22. The stock has a 50 day moving average price of $3.68 and a 200 day moving average price of $3.61.

Alvopetro Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.09 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 10.51%. Alvopetro Energy’s dividend payout ratio 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.