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

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 265 shares, a drop of 33.9% from the January 29th total of 401 shares. Based on an average daily volume of 43,725 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 43,725 shares, the short-interest ratio is currently 0.0 days.

Alvopetro Energy Stock Performance

Shares of ALVOF opened at $6.00 on Monday. Alvopetro Energy has a 1 year low of $3.15 and a 1 year high of $6.38. 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’s fifty day moving average price is $5.26 and its two-hundred day moving average price is $4.81. The firm has a market cap of $220.38 million and a PE ratio of 11.54.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Alvopetro Energy to a “hold” rating in a research note 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.