PEDEVCO Corp. (NYSEAMERICAN:PED - Get Free Report) was the target of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 56,800 shares, a decline of 48.5% from the May 15th total of 110,200 shares. Approximately 0.2% of the company's shares are short sold. Based on an average daily volume of 108,400 shares, the short-interest ratio is currently 0.5 days.
PEDEVCO Price Performance
Shares of PED stock traded up $0.03 during trading hours on Friday, reaching $0.76. The company's stock had a trading volume of 1,500,443 shares, compared to its average volume of 138,350. The company has a market capitalization of $65.96 million, a PE ratio of 25.27 and a beta of 1.32. PEDEVCO has a one year low of $0.47 and a one year high of $1.10. The business's fifty day moving average is $0.59.
About PEDEVCO
(
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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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