PEDEVCO Corp. (NYSEAMERICAN:PED) Short Interest Update

PEDEVCO Corp. (NYSEAMERICAN:PED) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 16,900 shares, an increase of 177.0% from the December 31st total of 6,100 shares. Based on an average daily trading volume, of 88,800 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

PEDEVCO Stock Up 0.5 %

NYSEAMERICAN PED traded up $0.00 during trading on Friday, hitting $0.79. 87,236 shares of the company’s stock traded hands, compared to its average volume of 201,772. PEDEVCO has a 12-month low of $0.65 and a 12-month high of $1.10. The firm has a market cap of $68.74 million, a price-to-earnings ratio of 26.34 and a beta of 1.32.

About PEDEVCO

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.