Is Pedevco Corp (NYSEAMERICAN:PED)’s Fuel Running High? Reports Show Less Sellers

May 14, 2018 - By reb123z

The stock of Pedevco Corp (NYSEAMERICAN:PED) registered a decrease of 0.15% in short interest. PED’s total short interest was 196,500 shares in May as published by FINRA. Its down 0.15% from 196,800 shares, reported previously. With 175,600 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 5.63%.

The stock decreased 2.80% or $0.0095 during the last trading session, reaching $0.3303. About 19,638 shares traded. PEDEVCO Corp. (NYSEAMERICAN:PED) has declined 68.85% since May 14, 2017 and is downtrending. It has underperformed by 80.40% 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 $2.40 million. The companyÂ’s principal asset is Denver-Julesberg Basin asset comprising approximately 11,538 net acres located in the Weld county, Colorado. It currently has negative earnings. As of December 31, 2016, it had interests in 61 gross wells in its D-J Basin Asset.

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