Pedevco Corp. (NYSEAMERICAN:PED) Sees Large Decline in Short Interest

Pedevco Corp. (NYSEAMERICAN:PED) was the target of a large decline in short interest during 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 days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 124,811 shares, the days-to-cover ratio is currently 0.1 days.

Pedevco Stock Up 0.3%

Shares of Pedevco stock opened at $0.59 on Friday. Pedevco has a twelve month low of $0.43 and a twelve month high of $0.82. The company’s 50 day moving average is $0.57 and its 200 day moving average is $0.58. The company has a market cap of $56.64 million, a price-to-earnings ratio of 5.39 and a beta of 0.35.

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.