Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Up 54.1% in May

Alvopetro Energy Ltd. (OTCMKTS:ALVOFGet Rating) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 5,700 shares, a growth of 54.1% from the April 30th total of 3,700 shares. Based on an average trading volume of 36,200 shares, the short-interest ratio is currently 0.2 days.

Shares of OTCMKTS:ALVOF opened at $5.64 on Friday. 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 stock has a market cap of $191.42 million, a PE ratio of 11.38 and a beta of 0.18. The company’s fifty day moving average is $4.42 and its 200 day moving average is $3.91. 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 data on Thursday, May 12th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.17. Alvopetro Energy had a return on equity of 32.14% and a net margin of 44.79%. Sell-side analysts anticipate that Alvopetro Energy will post 0.67 EPS for the current year.

Separately, Noble Financial assumed coverage on shares of Alvopetro Energy in a research note 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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