Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Update

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 8,676 shares, a decline of 79.6% from the May 14th total of 42,496 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 32,561 shares, the short-interest ratio is presently 0.3 days.

Alvopetro Energy Price Performance

Shares of OTCMKTS ALVOF opened at $6.23 on Wednesday. The stock’s 50-day moving average is $6.32 and its two-hundred day moving average is $5.65. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.68 and a quick ratio of 1.68. Alvopetro Energy has a 1-year low of $4.10 and a 1-year high of $7.97. The company has a market cap of $230.95 million, a price-to-earnings ratio of 9.44 and a beta of -0.17.

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