Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Sees Large Drop in Short Interest

Alvopetro Energy Ltd. (OTCMKTS:ALVOFGet Rating) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 19,900 shares, a drop of 11.6% from the October 15th total of 22,500 shares. Based on an average daily trading volume, of 26,600 shares, the short-interest ratio is currently 0.7 days.

Alvopetro Energy Trading Up 0.2 %

Shares of ALVOF opened at $4.40 on Wednesday. The business’s 50-day moving average price is $4.89 and its 200-day moving average price is $5.05. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 0.15. The stock has a market cap of $159.28 million, a PE ratio of 7.46 and a beta of 0.62. Alvopetro Energy has a twelve month low of $3.11 and a twelve month high of $6.53.

Alvopetro Energy Company Profile

(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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