Pedevco Corp (PED) Sees Large Increase in Short Interest
Pedevco Corp (NYSE:PED) saw a significant increase in short interest during the month of September. As of September 29th, there was short interest totalling 107,822 shares, an increase of 31.2% from the September 15th total of 82,155 shares. Currently, 3.9% of the company’s shares are sold short. Based on an average daily volume of 39,254 shares, the short-interest ratio is presently 2.7 days.
Pedevco Corp (NYSE PED) traded down 4.750% during mid-day trading on Tuesday, hitting $0.383. The stock had a trading volume of 44,017 shares. Pedevco Corp has a 52 week low of $0.27 and a 52 week high of $2.00. The company’s 50 day moving average price is $0.59 and its 200 day moving average price is $0.70. The firm’s market cap is $2.33 million.
A hedge fund recently raised its stake in Pedevco Corp stock. Virtu KCG Holdings LLC increased its stake in shares of Pedevco Corp (NYSE:PED) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,371 shares of the company’s stock after acquiring an additional 6,147 shares during the quarter. Virtu KCG Holdings LLC owned approximately 3.36% of Pedevco Corp worth $119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
About Pedevco Corp
PEDEVCO Corp. is an energy company, which is engaged in the acquisition, exploration, development and production of oil and natural gas shale plays in the Denver-Julesberg Basin (D-J Basin) in Colorado. The D-J Basin contains hydrocarbon bearing deposits in several formations, including the Niobrara, Codell, Greenhorn, Shannon, J-Sand and D-Sand.
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