Short Interest in PEDEVCO Corp. (NYSEAMERICAN:PED) Drops By 60.4%

PEDEVCO Corp. (NYSEAMERICAN:PED) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 6,100 shares, a drop of 60.4% from the November 30th total of 15,400 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 94,100 shares, the days-to-cover ratio is presently 0.1 days.

PEDEVCO Trading Up 3.3 %

PED traded up $0.02 during trading on Friday, reaching $0.75. 93,590 shares of the company’s stock were exchanged, compared to its average volume of 97,872. The firm has a market capitalization of $65.02 million, a PE ratio of 24.91 and a beta of 1.32. PEDEVCO has a 1 year low of $0.61 and a 1 year high of $1.10.

PEDEVCO Company Profile

PEDEVCO Corp., an oil and gas company, focuses on the acquisition, development, and production of oil and natural gas assets in the United States. It holds interests in the Permian Basin asset covering an area of approximately 22,721 net acres located in New Mexico; and D-J Basin asset covering an area of approximately 19,214 net acres located in Wyoming.