Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Sees Significant Decrease in Short Interest

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 8,676 shares, a drop of 79.6% from the May 14th total of 42,496 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 32,561 shares, the short-interest ratio is currently 0.3 days.

Alvopetro Energy Trading Down 1.5%

Shares of OTCMKTS:ALVOF opened at $6.28 on Friday. The stock has a market capitalization of $232.80 million, a price-to-earnings ratio of 9.52 and a beta of -0.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.68 and a current ratio of 1.68. The stock’s 50-day simple moving average is $6.29 and its two-hundred day simple moving average is $5.68. Alvopetro Energy has a 52-week low of $4.10 and a 52-week high of $7.97.

Alvopetro Energy (OTCMKTS:ALVOF) last announced its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The business had revenue of $17.39 million for the quarter, compared to analysts’ expectations of $17.03 million. Alvopetro Energy had a return on equity of 25.91% and a net margin of 40.90%. Analysts expect that Alvopetro Energy will post 0.89 EPS for the current year.

Alvopetro Energy Company Profile

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.