Short Interest in Pedevco Corp. (NYSEAMERICAN:PED) Drops By 49.2%

Pedevco Corp. (NYSEAMERICAN:PED) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 77,938 shares, a drop of 49.2% from the December 15th total of 153,558 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 132,797 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 132,797 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.3% of the shares of the stock are sold short.

Pedevco Stock Down 4.3%

NYSEAMERICAN PED traded down $0.02 during trading hours on Thursday, reaching $0.54. The company’s stock had a trading volume of 54,707 shares, compared to its average volume of 123,115. The firm’s 50-day moving average price is $0.54 and its 200-day moving average price is $0.58. Pedevco has a 1 year low of $0.43 and a 1 year high of $1.00. The company has a market capitalization of $51.29 million, a price-to-earnings ratio of 4.88 and a beta of 0.26.

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.