PEDEVCO Corp. (NYSEAMERICAN:PED) Short Interest Update

PEDEVCO Corp. (NYSEAMERICAN:PED) was the recipient of a large increase in short interest in 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. Based on an average daily volume of 123,900 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

PEDEVCO Price Performance

Shares of NYSEAMERICAN PED opened at $0.72 on Thursday. PEDEVCO has a 1-year low of $0.68 and a 1-year high of $1.10. The firm has a market capitalization of $62.66 million, a P/E ratio of 24.00 and a beta of 1.32.

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.