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

Pedevco Corp. (NYSEAMERICAN:PED) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 7,421 shares, a decrease of 43.7% from the January 29th total of 13,191 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 109,573 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 109,573 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Pedevco Trading Up 4.4%

Shares of PED traded up $0.03 during trading hours on Friday, reaching $0.62. 618,722 shares of the stock traded hands, compared to its average volume of 162,136. Pedevco has a 52 week low of $0.43 and a 52 week high of $0.82. The company has a market cap of $59.58 million, a price-to-earnings ratio of 5.67 and a beta of 0.35. The stock has a fifty day simple moving average of $0.58 and a 200 day simple moving average of $0.58.

Pedevco Company Profile

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.