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

Pedevco Corp. (NYSEAMERICAN:PED) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 7,421 shares, a decline of 43.7% from the January 29th total of 13,191 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 109,573 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 109,573 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Pedevco Stock Up 4.4%

PED stock traded up $0.03 during midday trading on Friday, reaching $0.62. 618,722 shares of the company’s stock traded hands, compared to its average volume of 162,136. The company has a 50-day simple moving average of $0.58 and a two-hundred day simple moving average of $0.58. The company has a market cap of $59.58 million, a price-to-earnings ratio of 5.67 and a beta of 0.35. Pedevco has a 1-year low of $0.43 and a 1-year high of $0.82.

About Pedevco

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.