Short Interest in PEDEVCO Corp. (NYSEAMERICAN:PED) Declines By 18.8%

PEDEVCO Corp. (NYSEAMERICAN:PED - Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 25,900 shares, a drop of 18.8% from the September 15th total of 31,900 shares. Based on an average daily volume of 83,400 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company's stock are short sold.

PEDEVCO Stock Performance

Shares of NYSEAMERICAN:PED traded down $0.01 during mid-day trading on Friday, reaching $1.00. 47,223 shares of the stock were exchanged, compared to its average volume of 101,161. PEDEVCO has a one year low of $0.61 and a one year high of $1.10. The company has a market cap of $87.04 million, a PE ratio of 33.34 and a beta of 1.32.

PEDEVCO (NYSEAMERICAN:PED - Get Free Report) last released its earnings results on Wednesday, August 14th. The company reported $0.03 earnings per share for the quarter, meeting analysts' consensus estimates of $0.03. PEDEVCO had a net margin of 11.32% and a return on equity of 3.71%. The business had revenue of $11.81 million during the quarter, compared to the consensus estimate of $9.05 million. On average, research analysts predict that PEDEVCO will post 0.12 earnings per share for the current fiscal year.

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.