Pedevco Corp. (NYSEAMERICAN:PED) Short Interest Up 415.6% in December

Pedevco Corp. (NYSEAMERICAN:PED) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 153,558 shares, an increase of 415.6% from the November 30th total of 29,783 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 164,169 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 164,169 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the company’s stock are short sold.

Pedevco Stock Performance

Shares of NYSEAMERICAN PED opened at $0.56 on Thursday. Pedevco has a 1 year low of $0.43 and a 1 year high of $1.00. The stock’s 50-day simple moving average is $0.56 and its 200-day simple moving average is $0.60. The firm has a market cap of $53.49 million, a price-to-earnings ratio of 5.09 and a beta of 0.32.

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.