PEDEVCO Corp. (NYSEAMERICAN:PED) Short Interest Down 60.5% in February

PEDEVCO Corp. (NYSEAMERICAN:PED) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 13,000 shares, a decline of 60.5% from the February 13th total of 32,900 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 124,300 shares, the short-interest ratio is presently 0.1 days.

PEDEVCO Stock Performance

Shares of NYSEAMERICAN:PED traded up $0.03 during trading on Friday, hitting $0.73. The stock had a trading volume of 101,788 shares, compared to its average volume of 132,991. The firm has a market capitalization of $63.71 million, a P/E ratio of 24.41 and a beta of 1.32. PEDEVCO has a 12 month low of $0.69 and a 12 month high of $1.10.

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.