Pedevco Corp. (NYSEAMERICAN:PED) Short Interest Down 49.2% in December

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

Pedevco Price Performance

Shares of PED stock traded up $0.01 during trading hours on Friday, reaching $0.55. The company had a trading volume of 136,188 shares, compared to its average volume of 120,004. The company has a market cap of $52.15 million, a price-to-earnings ratio of 4.96 and a beta of 0.26. Pedevco has a 12 month low of $0.43 and a 12 month high of $1.00. The business has a fifty day simple moving average of $0.54 and a 200-day simple moving average of $0.58.

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.