PEDEVCO Corp. (NYSEAMERICAN:PED) Short Interest Up 177.0% in January

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

PEDEVCO Trading Up 0.5 %

NYSEAMERICAN PED traded up $0.00 during trading hours on Friday, hitting $0.79. 87,239 shares of the company’s stock traded hands, compared to its average volume of 201,772. PEDEVCO has a 52-week low of $0.65 and a 52-week high of $1.10. The stock has a market cap of $68.74 million, a PE ratio of 26.34 and a beta of 1.32.

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.