PEDEVCO Corp. (NYSEAMERICAN:PED) Short Interest Update

PEDEVCO Corp. (NYSEAMERICAN:PED) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 32,900 shares, an increase of 33.2% from the January 31st total of 24,700 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 123,900 shares, the short-interest ratio is presently 0.3 days.

PEDEVCO Price Performance

PED stock opened at $0.72 on Thursday. PEDEVCO has a fifty-two week low of $0.68 and a fifty-two week high of $1.10. The company has a market capitalization of $62.66 million, a P/E ratio of 24.00 and a beta of 1.32.

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.