Short Interest in PEDEVCO Corp. (NYSEAMERICAN:PED) Increases By 33.2%

PEDEVCO Corp. (NYSEAMERICAN:PED) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 32,900 shares, a growth of 33.2% from the January 31st total of 24,700 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 123,900 shares, the short-interest ratio is currently 0.3 days.

PEDEVCO Stock Up 2.6 %

PED stock traded up $0.02 during midday trading on Wednesday, hitting $0.72. 36,223 shares of the company traded hands, compared to its average volume of 148,865. The company has a market cap of $62.66 million, a PE ratio of 24.00 and a beta of 1.32. PEDEVCO has a twelve month low of $0.68 and a twelve 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.