Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Up 132.0% in March

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 8,529 shares, an increase of 132.0% from the March 15th total of 3,676 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 65,433 shares, the short-interest ratio is presently 0.1 days.

Alvopetro Energy Stock Performance

Shares of ALVOF opened at $6.44 on Friday. Alvopetro Energy has a one year low of $3.27 and a one year high of $7.97. The business has a fifty day moving average of $6.16 and a 200 day moving average of $5.20. The firm has a market capitalization of $236.54 million, a P/E ratio of 10.56 and a beta of -0.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.13 and a quick ratio of 1.13.

Alvopetro Energy (OTCMKTS:ALVOF) last announced its earnings results on Tuesday, March 17th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Alvopetro Energy had a net margin of 39.86% and a return on equity of 25.11%. The firm had revenue of $15.76 million for the quarter, compared to analyst estimates of $20.59 million.

Analyst Ratings Changes

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

About Alvopetro Energy

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.