Can Pedevco Corp (NYSEAMERICAN:PED)’s Tomorrow Be Different? The Stock Had Decline in Shorts

August 9, 2018 - By Jason Dias

The stock of Pedevco Corp (NYSEAMERICAN:PED) registered a decrease of 52.13% in short interest. PED’s total short interest was 73,200 shares in August as published by FINRA. Its down 52.13% from 152,900 shares, reported previously. With 99,400 shares average volume, it will take short sellers 1 days to cover their PED’s short positions. The short interest to Pedevco Corp’s float is 2.1%.

The stock increased 2.45% or $0.05 during the last trading session, reaching $2.17. About 109,554 shares traded. PEDEVCO Corp. (NYSEAMERICAN:PED) has declined 46.47% since August 9, 2017 and is downtrending. It has underperformed by 59.04% the S&P500.

PEDEVCO Corp., doing business as Pacific Energy Development, engages in the acquisition, exploration, development, and production of oil and natural gas shale plays in the United States. The company has market cap of $32.20 million. The companyÂ’s principal asset is Denver-Julesberg Basin asset comprising approximately 11,538 net acres located in the Weld county, Colorado. It has a 0.64 P/E ratio. As of December 31, 2016, it had interests in 61 gross wells in its D-J Basin Asset.

More news for PEDEVCO Corp. (NYSEAMERICAN:PED) were recently published by: Investorplace.com, which released: “Don’t Be Fooled by Pedevco’s 700% Rally: PED Stock Will Plummet” on July 18, 2018. Investorplace.com‘s article titled: “9 A-Rated Cheap Stocks to Consider” and published on July 20, 2018 is yet another important article.

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