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

Pedevco Corp. (NYSEAMERICAN:PED) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 77,938 shares, a decrease of 49.2% from the December 15th total of 153,558 shares. Based on an average daily volume of 132,797 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 132,797 shares, the short-interest ratio is presently 0.6 days.

Pedevco Trading Down 4.3%

Shares of Pedevco stock traded down $0.02 during trading hours on Thursday, reaching $0.54. The stock had a trading volume of 54,707 shares, compared to its average volume of 123,115. The stock’s 50 day moving average is $0.54 and its 200 day moving average is $0.58. Pedevco has a twelve month low of $0.43 and a twelve month high of $1.00. The firm has a market capitalization of $51.29 million, a PE 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.