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

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 7,444 shares, an increase of 125.6% from the December 31st total of 3,299 shares. Based on an average daily trading volume, of 38,790 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 38,790 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Alvopetro Energy to a “hold” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Alvopetro Energy Stock Performance

OTCMKTS ALVOF opened at $5.10 on Thursday. Alvopetro Energy has a twelve month low of $3.15 and a twelve month high of $5.38. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.06. The stock has a market cap of $187.32 million, a P/E ratio of 9.81 and a beta of 0.06. The company’s 50-day simple moving average is $4.70 and its 200 day simple moving average is $4.59.

Alvopetro Energy (OTCMKTS:ALVOF) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). Alvopetro Energy had a return on equity of 22.24% and a net margin of 37.69%.The business had revenue of $14.18 million for the quarter, compared to the consensus estimate of $19.15 million.

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.