Short Interest in Alvopetro Energy Ltd. (OTCMKTS:ALVOF) Increases By 1,508.3%

Alvopetro Energy Ltd. (OTCMKTS:ALVOF) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 4,262 shares, a growth of 1,508.3% from the February 12th total of 265 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 41,924 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 41,924 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Alvopetro Energy to a “hold” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Alvopetro Energy Trading Down 2.7%

Alvopetro Energy stock traded down $0.17 during midday trading on Tuesday, reaching $5.96. The stock had a trading volume of 10,584 shares, compared to its average volume of 22,133. Alvopetro Energy has a twelve month low of $3.17 and a twelve month high of $6.38. 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 cap of $218.73 million and a price-to-earnings ratio of 11.45. The firm’s fifty day simple moving average is $5.43 and its two-hundred day simple moving average is $4.90.

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.