Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Up 64.4% in July

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 35,437 shares, an increase of 64.4% from the June 30th total of 21,550 shares. Based on an average daily volume of 63,391 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.1% of the company’s shares are short sold.

Alvopetro Energy Price Performance

Shares of OTCMKTS ALVOF opened at $6.94 on Friday. Alvopetro Energy has a twelve month low of $4.10 and a twelve month high of $7.97. The firm has a fifty day simple moving average of $6.37 and a 200 day simple moving average of $6.13. The company has a market capitalization of $258.86 million, a PE ratio of 10.52 and a beta of -0.16. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.17.

Alvopetro Energy (OTCMKTS:ALVOF) last released its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $17.39 million for the quarter, compared to analyst estimates of $17.03 million. Alvopetro Energy had a net margin of 40.90% and a return on equity of 25.91%. On average, sell-side analysts forecast that Alvopetro Energy will post 0.89 EPS for the current 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.