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

Alvopetro Energy Ltd. (OTCMKTS:ALVOFGet Rating) was the recipient of a large 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 days-to-cover ratio is presently 0.1 days.

Shares of OTCMKTS ALVOF opened at $4.24 on Thursday. The firm’s 50-day moving average price is $4.19 and its 200-day moving average price is $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. The company has a market cap of $143.92 million, a PE ratio of 25.37 and a beta of 0.18. Alvopetro Energy has a 52-week low of $1.36 and a 52-week high of $8.00.

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

Separately, Noble Financial started coverage on shares of Alvopetro Energy in a report on Wednesday, March 16th. They set an “outperform” rating on the stock.

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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