Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Short Interest Update

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 35,437 shares, an increase of 64.4% from the June 30th total of 21,550 shares. Based on an average trading volume of 63,391 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the shares of the stock are short sold.

Alvopetro Energy Stock Up 1.3%

Shares of ALVOF opened at $6.94 on Friday. The stock has a market capitalization of $258.86 million, a price-to-earnings ratio of 10.52 and a beta of -0.16. Alvopetro Energy has a 1 year low of $4.10 and a 1 year high of $7.97. The business’s 50 day simple moving average is $6.37 and its 200-day simple moving average is $6.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.68 and a quick ratio of 1.68.

Alvopetro Energy (OTCMKTS:ALVOF) last posted its earnings results on Thursday, May 7th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Alvopetro Energy had a return on equity of 25.91% and a net margin of 40.90%.The firm had revenue of $17.39 million during the quarter, compared to the consensus estimate of $17.03 million. As a group, equities analysts expect that Alvopetro Energy will post 0.89 earnings per share for the current fiscal year.

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.