Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Up 1,508.3% in February

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 4,262 shares, a growth of 1,508.3% from the February 12th total of 265 shares. Based on an average daily trading volume, of 41,924 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 41,924 shares, the short-interest ratio is presently 0.1 days.

Alvopetro Energy Stock Performance

Shares of ALVOF opened at $5.93 on Thursday. The company has a 50-day simple moving average of $5.45 and a two-hundred day simple moving average of $4.91. 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 firm has a market capitalization of $217.89 million and a PE ratio of 11.41. Alvopetro Energy has a one year low of $3.17 and a one year high of $6.38.

Analyst Upgrades and Downgrades

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