Pedevco Corp. (NYSEAMERICAN:PED) Sees Significant Growth in Short Interest

Key Points

• Pedevco Corp. saw a 44.8% increase in short interest in August, with total short interest reaching 139,400 shares as of August 15th.
• The company’s stock is currently trading at $0.62, with a market cap of $56.57 million and a price-to-earnings ratio of 4.39.
• Pedevco focuses on the acquisition and development of oil and natural gas assets in the U.S., particularly in the Permian and D-J Basins.

Pedevco Corp. (NYSEAMERICAN:PED - ) was the recipient of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 139,400 shares, agrowthof44.8% from the July 31st total of 96,300 shares. Currently,0.6% of the shares of the company are sold short. Based on an average daily volume of 248,500 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 248,500 shares, the days-to-cover ratio is currently 0.6 days. Currently,0.6% of the shares of the company are sold short.

Pedevco Stock Performance

Shares of Pedevco stock traded down $0.01 during trading on Friday, reaching $0.62. The company's stock had a trading volume of 34,698 shares, compared to its average volume of 112,274. The stock has a fifty day moving average price of $0.62. The company has a market cap of $56.57 million, a price-to-earnings ratio of 4.39 and a beta of 0.15. Pedevco has a one year low of $0.47 and a one year high of $1.04.

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.

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