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

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

Alvopetro Energy Stock Performance

Shares of OTCMKTS ALVOF opened at $3.39 on Wednesday. The firm has a market capitalization of $123.84 million, a price-to-earnings ratio of 8.69 and a beta of 0.22. Alvopetro Energy has a one year low of $2.85 and a one year high of $5.61. The business has a fifty day simple moving average of $3.67 and a 200 day simple moving average of $3.61. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.09.

Alvopetro Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.36 annualized dividend and a dividend yield of 10.62%. Alvopetro Energy’s dividend payout ratio (DPR) is currently 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.