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

PEDEVCO Corp. (NYSEAMERICAN:PED) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 13,000 shares, a drop of 60.5% from the February 13th total of 32,900 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 124,300 shares, the days-to-cover ratio is presently 0.1 days.

PEDEVCO Stock Performance

NYSEAMERICAN:PED traded up $0.03 during mid-day trading on Friday, hitting $0.73. 101,788 shares of the company traded hands, compared to its average volume of 132,991. The firm has a market capitalization of $63.71 million, a PE ratio of 24.41 and a beta of 1.32. PEDEVCO has a one year low of $0.69 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.