PEDEVCO Corp. (PED) Short Interest Update

PEDEVCO Corp. (NYSEAMERICAN:PED) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 194,863 shares, a decline of 3.2% from the November 15th total of 201,294 shares. Currently, 6.9% of the company’s shares are sold short. Based on an average trading volume of 248,373 shares, the days-to-cover ratio is presently 0.8 days.

PEDEVCO (NYSEAMERICAN:PED) remained flat at $$0.31 during mid-day trading on Monday. 102,900 shares of the stock traded hands, compared to its average volume of 127,933. PEDEVCO has a 1 year low of $0.10 and a 1 year high of $1.69.

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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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