MDM Permian, Inc. (OTCMKTS:MDMP) Sees Large Growth in Short Interest

MDM Permian, Inc. (OTCMKTS:MDMP – Get Rating) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 23,000 shares, an increase of 22,900.0% from the April 15th total of 100 shares. Based on an average trading volume of 1,745,300 shares, the days-to-cover ratio is presently 0.0 days.

MDMP stock traded down 0.00 during midday trading on Wednesday, hitting 0.06. 200,500 shares of the company’s stock were exchanged, compared to its average volume of 1,759,520. MDM Permian has a 1-year low of 0.03 and a 1-year high of 0.25. The business has a 50-day simple moving average of 0.11 and a two-hundred day simple moving average of 0.09.

About MDM Permian (Get Rating)

MDM Permian, Inc engages in the drilling and production of oil and gas properties. It primarily focuses on the oil and gas drilling prospects in the Midland Basin of West Texas. The company is based in Addison, Texas.

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