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

MDM Permian, Inc. (OTCMKTS:MDMP – Get Rating) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 400 shares, a decline of 33.3% from the May 15th total of 600 shares. Based on an average trading volume of 2,427,900 shares, the short-interest ratio is currently 0.0 days.

Shares of OTCMKTS:MDMP traded up 0.00 during trading on Tuesday, reaching 0.04. 235,900 shares of the stock were exchanged, compared to its average volume of 1,579,788. MDM Permian has a 12 month low of 0.03 and a 12 month high of 0.25. The stock has a 50-day moving average price of 0.07 and a 200-day moving average price of 0.09.

MDM Permian Company Profile (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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