Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Down 33.9% in February

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 265 shares, a decrease of 33.9% from the January 29th total of 401 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 43,725 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 43,725 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

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

Alvopetro Energy Stock Performance

Shares of OTCMKTS ALVOF traded up $0.05 during trading hours on Friday, reaching $6.00. The stock had a trading volume of 30,847 shares, compared to its average volume of 19,171. The business’s fifty day moving average is $5.26 and its two-hundred day moving average is $4.81. 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 company has a market cap of $220.38 million, a price-to-earnings ratio of 11.54 and a beta of 0.05. Alvopetro Energy has a twelve month low of $3.15 and a twelve month high of $6.38.

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.