Short Interest in Pedevco Corp. (NYSEAMERICAN:PED) Drops By 30.1%

Key Points

• Pedevco Corp. experienced a 30.1% decrease in short interest during July, with the total short interest falling to 96,300 shares by July 31st.
• The current days-to-cover ratio for Pedevco stands at 0.4 days based on an average trading volume of 254,000 shares.
• Pedevco's current stock price is $0.59, and the company has a market capitalization of $54.18 million with a PE ratio of 4.21.

Pedevco Corp. (NYSEAMERICAN:PED - Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 96,300 shares, adropof30.1% from the July 15th total of 137,700 shares. Based on an average daily volume of 254,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately0.4% of the shares of the company are sold short. Approximately0.4% of the shares of the company are sold short. Based on an average daily volume of 254,000 shares, the days-to-cover ratio is currently 0.4 days.

Pedevco Stock Down 0.1%

Shares of Pedevco stock traded down $0.0003 during trading hours on Monday, hitting $0.5797. 87,078 shares of the company were exchanged, compared to its average volume of 178,166. The firm has a 50-day simple moving average of $0.64. Pedevco has a 1 year low of $0.4701 and a 1 year high of $1.0650. The firm has a market capitalization of $53.32 million, a PE ratio of 4.14 and a beta of 0.39.

Pedevco Company Profile

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.