PEDEVCO Corp. (NYSEAMERICAN:PED) Sees Significant Decline in Short Interest

PEDEVCO Corp. (NYSEAMERICAN:PED) saw a large drop in short interest in 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. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 94,100 shares, the short-interest ratio is presently 0.1 days.

PEDEVCO Stock Up 3.3 %

Shares of NYSEAMERICAN PED opened at $0.75 on Friday. PEDEVCO has a twelve month low of $0.61 and a twelve month high of $1.10. The company has a market capitalization of $65.02 million, a PE ratio of 24.91 and a beta of 1.32.

About PEDEVCO

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.