Short Interest in MDM Permian, Inc. (OTCMKTS:MDMP) Rises By 90.2%

MDM Permian, Inc. (OTCMKTS:MDMP) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 25,100 shares, an increase of 90.2% from the March 15th total of 13,200 shares. Based on an average daily trading volume, of 201,300 shares, the short-interest ratio is currently 0.1 days.

MDM Permian Stock Performance

MDMP remained flat at $0.01 during midday trading on Friday. MDM Permian has a 12-month low of $0.01 and a 12-month high of $0.03. The company’s fifty day simple moving average is $0.01 and its two-hundred day simple moving average is $0.01.

MDM Permian Company Profile

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.