PEDEVCO Corp. (NYSEAMERICAN:PED) Short Interest Update

PEDEVCO Corp. (NYSEAMERICAN:PED) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 12,900 shares, a decrease of 62.4% from the October 15th total of 34,300 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 90,400 shares, the days-to-cover ratio is presently 0.1 days.

PEDEVCO Trading Down 2.1 %

PED stock traded down $0.02 during trading on Wednesday, hitting $0.90. The stock had a trading volume of 74,086 shares, compared to its average volume of 98,328. PEDEVCO has a twelve month low of $0.61 and a twelve month high of $1.10. The stock has a market cap of $78.34 million, a price-to-earnings ratio of 30.65 and a beta of 1.32.

PEDEVCO (NYSEAMERICAN:PED) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. PEDEVCO had a net margin of 11.32% and a return on equity of 3.71%. The firm had revenue of $11.81 million for the quarter, compared to analyst estimates of $9.05 million. As a group, equities analysts forecast that PEDEVCO will post 0.12 EPS for the current fiscal year.

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.