Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Down 64.3% in December

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 2,130 shares, a decline of 64.3% from the November 30th total of 5,965 shares. Based on an average trading volume of 25,699 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 25,699 shares, the short-interest ratio is presently 0.1 days.

Alvopetro Energy Stock Performance

Shares of Alvopetro Energy stock opened at $4.85 on Friday. The business has a 50-day simple moving average of $4.49 and a 200 day simple moving average of $4.53. Alvopetro Energy has a one year low of $3.15 and a one year high of $5.30. 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 $178.14 million, a price-to-earnings ratio of 9.33 and a beta of 0.08.

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

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.