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

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 7,444 shares, an increase of 125.6% from the December 31st total of 3,299 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 38,790 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 38,790 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Alvopetro Energy Trading Down 3.3%

ALVOF stock opened at $5.10 on Thursday. The business has a fifty day moving average price of $4.70 and a 200 day moving average price of $4.59. 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 has a fifty-two week low of $3.15 and a fifty-two week high of $5.38. The stock has a market capitalization of $187.32 million, a price-to-earnings ratio of 9.81 and a beta of 0.06.

Alvopetro Energy (OTCMKTS:ALVOF) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Alvopetro Energy had a return on equity of 22.24% and a net margin of 37.69%.The business had revenue of $14.18 million during the quarter, compared to analyst estimates of $19.15 million.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Alvopetro Energy to a “hold” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Alvopetro Energy currently has a consensus rating of “Hold”.

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.