Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Up 66.7% in December

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 101,200 shares, a growth of 66.7% from the November 30th total of 60,700 shares. Based on an average daily volume of 139,800 shares, the short-interest ratio is currently 0.7 days.

Alvopetro Energy Stock Performance

ALVOF stock traded down $0.09 on Friday, hitting $3.48. The company had a trading volume of 523 shares, compared to its average volume of 19,530. The stock has a market cap of $127.05 million, a price-to-earnings ratio of 8.92 and a beta of 0.14. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.08. The stock’s 50-day simple moving average is $3.45 and its 200 day simple moving average is $3.54. Alvopetro Energy has a 12-month low of $2.85 and a 12-month high of $5.11.

Alvopetro Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 10.34%. The ex-dividend date is Tuesday, December 31st. Alvopetro Energy’s dividend payout ratio (DPR) is presently 92.31%.

About Alvopetro Energy

Alvopetro Energy Ltd. operates as an independent upstream and midstream operator. It engages in the acquisition, exploration, development, and production of hydrocarbons. The company holds interests in the Caburé and Murucututu natural gas assets, Block 182 and 183 exploration assets, and Bom Lugar and Mãe-da-lua oil fields, which covers an area of approximately 22,166 acres in the Recôncavo basin onshore Brazil.