Short Interest in PEDEVCO Corp. (NYSEAMERICAN:PED) Declines By 60.4%

PEDEVCO Corp. (NYSEAMERICAN:PED) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 6,100 shares, a decrease of 60.4% from the November 30th total of 15,400 shares. Based on an average trading volume of 94,100 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

PEDEVCO Stock Up 3.3 %

Shares of PEDEVCO stock traded up $0.02 during trading on Friday, reaching $0.75. 93,590 shares of the stock traded hands, compared to its average volume of 97,872. PEDEVCO has a 52-week low of $0.61 and a 52-week high of $1.10. The firm has a market cap of $65.02 million, a price-to-earnings ratio of 24.91 and a beta of 1.32.

About PEDEVCO

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.