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

Pedevco Corp. (NYSEAMERICAN:PED) was the recipient of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 13,191 shares, a decline of 27.0% from the January 15th total of 18,074 shares. Based on an average daily trading volume, of 124,811 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 124,811 shares, the short-interest ratio is currently 0.1 days.

Pedevco Trading Up 0.3%

PED stock traded up $0.00 during midday trading on Monday, hitting $0.59. 14,821 shares of the company’s stock were exchanged, compared to its average volume of 110,383. The stock has a market capitalization of $56.64 million, a price-to-earnings ratio of 5.39 and a beta of 0.35. The firm has a 50 day moving average price of $0.57 and a 200-day moving average price of $0.58. Pedevco has a 12-month low of $0.43 and a 12-month high of $0.82.

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.