Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Shares Shorted: Short Interest Down 71.5% in September

Alvopetro Energy Ltd. (OTCMKTS:ALVOF – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 15,346 shares, a decline of 71.5% from the August 31st total of 53,920 shares. Based on an average daily volume of 157,767 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Alvopetro Energy Trading Up 1.0%

ALVOF traded up $0.07 during trading on Monday, hitting $7.10. The company’s stock had a trading volume of 34,105 shares, compared to its average volume of 36,210. Alvopetro Energy has a twelve month low of $4.22 and a twelve month high of $8.22. The stock has a market cap of $265.26 million, a PE ratio of 9.59 and a beta of -0.18. The firm’s 50 day moving average price is $7.28 and its 200-day moving average price is $6.65. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.47 and a quick ratio of 1.47.

Alvopetro Energy (OTCMKTS:ALVOF – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. The business had revenue of $19.18 million for the quarter, compared to analysts’ expectations of $18.54 million. Alvopetro Energy had a return on equity of 27.90% and a net margin of 42.13%. On average, analysts expect that Alvopetro Energy will post 0.9 earnings per share for the current year.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Alvopetro Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

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Alvopetro Energy Company Profile

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Alvopetro Energy Ltd. is a Canadian oil and natural gas exploration and production company focused on developing onshore assets in Brazil. The company’s operations are concentrated in the Recôncavo Basin in the state of Bahia, a region with a long history of oil and gas production.

Alvopetro’s activities include the exploration, development and production of conventional natural gas, crude oil and associated petroleum products. Its Brazilian portfolio includes interests in producing and prospective fields, as well as related infrastructure used to process and transport hydrocarbons.

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