Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Expands By 132.0%

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 8,529 shares, an increase of 132.0% from the March 15th total of 3,676 shares. Based on an average daily volume of 65,433 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Alvopetro Energy to a “hold” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Alvopetro Energy currently has an average rating of “Hold”.

Alvopetro Energy Stock Up 1.7%

ALVOF stock opened at $6.55 on Tuesday. Alvopetro Energy has a 12 month low of $3.28 and a 12 month high of $7.97. The firm has a market cap of $240.58 million, a PE ratio of 10.74 and a beta of -0.09. The firm has a 50 day simple moving average of $6.19 and a 200 day simple moving average of $5.21. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.13 and a quick ratio of 1.13.

Alvopetro Energy (OTCMKTS:ALVOF) last released its earnings results on Tuesday, March 17th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Alvopetro Energy had a net margin of 39.86% and a return on equity of 25.11%. The business had revenue of $15.76 million during the quarter, compared to analyst estimates of $20.59 million.

About Alvopetro Energy

Alvopetro Energy Inc (OTCMKTS: ALVOF) is a Canada-based oil and gas exploration and production company focused on acquiring and developing upstream assets in Brazil. The company targets conventional hydrocarbon resources through a combination of license acquisitions, seismic appraisal and drilling operations, seeking to build a sustainable production profile in emerging Brazilian basins.

Alvopetro’s principal activities are centered in the Potiguar Basin of northeastern Brazil, where it holds working interests in both onshore and shallow-water concession areas.