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

Pedevco Corp. (NYSEAMERICAN:PED) was the target of a significant increase in short interest in 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. Based on an average daily trading volume, of 164,169 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 164,169 shares, the days-to-cover ratio is presently 0.9 days.

Pedevco Stock Performance

Pedevco stock opened at $0.56 on Thursday. The firm has a market capitalization of $53.49 million, a PE ratio of 5.09 and a beta of 0.32. Pedevco has a one year low of $0.43 and a one year high of $1.00. The stock’s 50 day moving average price is $0.56 and its 200 day moving average price is $0.60.

Pedevco Company Profile

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.