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

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 401 shares, a decrease of 94.6% from the January 15th total of 7,444 shares. Based on an average daily trading volume, of 52,854 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 52,854 shares, the short-interest ratio is currently 0.0 days.

Alvopetro Energy Stock Performance

Shares of OTCMKTS ALVOF opened at $5.95 on Wednesday. The firm has a fifty day moving average price of $4.89 and a 200-day moving average price of $4.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $218.54 million, a PE ratio of 11.44 and a beta of 0.05. Alvopetro Energy has a 1 year low of $3.15 and a 1 year high of $5.97.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Alvopetro Energy to a “hold” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Alvopetro Energy currently has an average rating of “Hold”.

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.