Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Decreases By 75.2%

Alvopetro Energy Ltd. (OTCMKTS:ALVOFGet Rating) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 3,700 shares, a drop of 75.2% from the April 15th total of 14,900 shares. Based on an average trading volume of 25,200 shares, the short-interest ratio is currently 0.1 days.

Separately, Noble Financial initiated coverage on Alvopetro Energy in a research report on Wednesday, March 16th. They issued an “outperform” rating for the company.

Alvopetro Energy stock opened at $4.25 on Friday. The stock has a 50-day simple moving average of $4.22 and a 200 day simple moving average of $3.85. The company has a quick ratio of 2.12, a current ratio of 2.12 and a debt-to-equity ratio of 0.24. Alvopetro Energy has a 12-month low of $1.36 and a 12-month high of $8.00. The stock has a market capitalization of $144.25 million, a price-to-earnings ratio of 25.37 and a beta of 0.18.

Alvopetro Energy (OTCMKTS:ALVOFGet Rating) last announced its quarterly earnings data on Thursday, March 17th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $9.90 million during the quarter, compared to analyst estimates of $10.30 million. Alvopetro Energy had a return on equity of 11.66% and a net margin of 18.91%. As a group, sell-side analysts anticipate that Alvopetro Energy will post 0.67 EPS for the current year.

About Alvopetro Energy (Get Rating)

Alvopetro Energy Ltd. engages in the acquisition, exploration, development, and production of hydrocarbons. As of December 31, 2021, it held interests in the Caburé and Murucututu natural gas assets; two exploration assets comprising Blocks 182 and the western portion of Block 183; and two oil fields, Bom Lugar and Mãe-da-lua, which include 22,166 acres in the Recôncavo basin onshore Brazil.

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