PEDEVCO Corp. (NYSEAMERICAN:PED) Short Interest Update

PEDEVCO Corp. (NYSEAMERICAN:PED) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 30,200 shares, a growth of 143.5% from the May 15th total of 12,400 shares. Based on an average daily volume of 127,100 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

PEDEVCO Stock Performance

Shares of PED stock remained flat at $0.88 during trading on Friday. The company had a trading volume of 13,416 shares, compared to its average volume of 116,418. The company has a market capitalization of $76.94 million, a PE ratio of 28.68 and a beta of 1.32. PEDEVCO has a fifty-two week low of $0.61 and a fifty-two week high of $1.13.

PEDEVCO (NYSEAMERICAN:PED) last announced its quarterly earnings data on Wednesday, May 15th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $8.12 million during the quarter, compared to analysts’ expectations of $6.47 million. PEDEVCO had a return on equity of 3.71% and a net margin of 11.32%. On average, equities research analysts predict that PEDEVCO will post 0.12 earnings per share 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.