PEDEVCO Corp. (NYSEAMERICAN:PED) Short Interest Update

PEDEVCO Corp. (NYSEAMERICAN:PED) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 32,900 shares, an increase of 33.2% from the January 31st total of 24,700 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 123,900 shares, the days-to-cover ratio is currently 0.3 days.

PEDEVCO Stock Down 2.7 %

Shares of PED stock traded down $0.02 on Tuesday, reaching $0.70. 125,456 shares of the stock were exchanged, compared to its average volume of 151,586. The company has a market cap of $61.08 million, a P/E ratio of 23.40 and a beta of 1.32. PEDEVCO has a one year low of $0.65 and a one 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.