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

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 7,444 shares, an increase of 125.6% from the December 31st total of 3,299 shares. Based on an average daily volume of 38,790 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 38,790 shares, the days-to-cover ratio is presently 0.2 days.

Alvopetro Energy Trading Down 1.2%

Shares of Alvopetro Energy stock opened at $5.12 on Friday. Alvopetro Energy has a fifty-two week low of $3.15 and a fifty-two week high of $5.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $187.99 million, a P/E ratio of 9.84 and a beta of 0.06. The company has a fifty day moving average of $4.73 and a 200 day moving average of $4.60.

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

Analyst Upgrades and Downgrades

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