PEDEVCO Corp. (NYSEAMERICAN:PED) Short Interest Update

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

PEDEVCO Price Performance

PEDEVCO stock traded up $0.02 during midday trading on Wednesday, reaching $0.72. The company’s stock had a trading volume of 36,223 shares, compared to its average volume of 148,865. The stock has a market cap of $62.66 million, a PE ratio of 24.00 and a beta of 1.32. PEDEVCO has a fifty-two week low of $0.68 and a fifty-two week 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.