Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Update

Alvopetro Energy Ltd. (OTCMKTS:ALVOFGet Rating) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 16,800 shares, an increase of 425.0% from the August 15th total of 3,200 shares. Based on an average daily trading volume, of 33,500 shares, the days-to-cover ratio is presently 0.5 days.

Alvopetro Energy Price Performance

ALVOF stock opened at $5.13 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.28 and a current ratio of 2.28. Alvopetro Energy has a 1 year low of $2.93 and a 1 year high of $6.53. The firm has a market cap of $174.93 million, a P/E ratio of 8.69 and a beta of 0.94. The stock has a 50-day simple moving average of $5.33 and a 200-day simple moving average of $4.83.

About Alvopetro Energy

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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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