Short Interest in PEDEVCO Corp. (NYSEAMERICAN:PED) Drops By 60.5%

PEDEVCO Corp. (NYSEAMERICAN:PED) was the target of a significant 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. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 124,300 shares, the days-to-cover ratio is presently 0.1 days.

PEDEVCO Stock Up 1.3 %

NYSEAMERICAN:PED traded up $0.01 during midday trading on Thursday, hitting $0.72. The stock had a trading volume of 19,564 shares, compared to its average volume of 133,541. The stock has a market cap of $62.61 million, a P/E ratio of 23.98 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.