Pedevco Corp. (NYSEAMERICAN:PED) Short Interest Up 415.6% in December

Pedevco Corp. (NYSEAMERICAN:PED) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 153,558 shares, an increase of 415.6% from the November 30th total of 29,783 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 164,169 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 164,169 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.5% of the company’s shares are sold short.

Pedevco Trading Down 1.1%

Shares of Pedevco stock opened at $0.55 on Friday. Pedevco has a 12 month low of $0.43 and a 12 month high of $1.00. The stock’s fifty day moving average price is $0.56 and its 200-day moving average price is $0.60. The firm has a market cap of $52.92 million, a P/E ratio of 5.04 and a beta of 0.32.

Pedevco Company Profile

Pedevco Corp is an independent oil and gas exploration and production company incorporated in Delaware and listed on the NYSE American under the ticker symbol PED. The firm focuses on acquiring, developing and producing hydrocarbon assets, with a strategic emphasis on shallow water and onshore properties in Trinidad and Tobago. Since its listing, Pedevco has pursued opportunities to expand reserves through targeted exploration and development projects in one of the Caribbean’s most prolific hydrocarbon-producing regions.

The company’s portfolio centers on two primary concession areas in Trinidad and Tobago: the O-55 shallow water offshore block and the onshore Block 3(a) license.