Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Up 197.0% in June

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 21,550 shares, a growth of 197.0% from the June 15th total of 7,256 shares. Based on an average daily trading volume, of 55,616 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Alvopetro Energy Stock Up 3.9%

Shares of ALVOF opened at $6.54 on Wednesday. The company has a market cap of $243.94 million, a PE ratio of 9.91 and a beta of -0.16. The business has a fifty day moving average of $6.21 and a 200 day moving average of $5.96. Alvopetro Energy has a 52-week low of $4.10 and a 52-week high of $7.97. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.17.

Alvopetro Energy (OTCMKTS:ALVOF) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. Alvopetro Energy had a net margin of 40.90% and a return on equity of 25.91%. The company had revenue of $17.39 million during the quarter, compared to analyst estimates of $17.03 million. On average, sell-side analysts expect that Alvopetro Energy will post 0.89 EPS for the current year.

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.