PEDEVCO Corp. (NYSEAMERICAN:PED) Short Interest Down 25.9% in August

PEDEVCO Corp. (NYSEAMERICAN:PED) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 22,900 shares, a decrease of 25.9% from the August 15th total of 30,900 shares. Based on an average daily trading volume, of 71,500 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

PEDEVCO Stock Performance

PED opened at $0.93 on Friday. The stock has a market cap of $80.98 million, a PE ratio of 31.02 and a beta of 1.32. PEDEVCO has a 52-week low of $0.61 and a 52-week high of $1.13.

PEDEVCO (NYSEAMERICAN:PED) last announced its quarterly earnings data 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 firm had revenue of $11.81 million for the quarter, compared to analyst estimates of $9.05 million. On average, analysts anticipate 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.