Alvopetro Energy Ltd. (OTCMKTS:ALVOF – Get Free Report) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 4,262 shares, an increase of 1,508.3% from the February 12th total of 265 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 41,924 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 41,924 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.
Alvopetro Energy Stock Down 2.7%
Shares of Alvopetro Energy stock traded down $0.17 on Tuesday, hitting $5.96. 10,584 shares of the company traded hands, compared to its average volume of 22,133. The company has a 50-day moving average price of $5.43 and a 200 day moving average price of $4.90. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.06. Alvopetro Energy has a 12-month low of $3.17 and a 12-month high of $6.38. The company has a market cap of $218.73 million and a PE ratio of 11.45.
Analyst Ratings Changes
Separately, Zacks Research upgraded 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, the company 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.
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