NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) Short Interest Update

NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 442 shares, a growth of 100.9% from the May 31st total of 220 shares. Based on an average trading volume of 1,019 shares, the short-interest ratio is currently 0.4 days.

NewMed Energy – Limited Partnership Price Performance

Shares of DKDRF remained flat at $5.25 during trading hours on Thursday. NewMed Energy – Limited Partnership has a one year low of $4.45 and a one year high of $7.33. The firm’s 50 day moving average price is $5.96 and its 200-day moving average price is $6.08.

NewMed Energy – Limited Partnership Company Profile

NewMed Energy – Limited Partnership engages in the exploration, development, production, and sale of petroleum, natural gas, and condensate in Israel and Cyprus. The company holds interests in the Leviathan project, which covers an area of 500 square kilometer (km2) located to the west of the shores of Haifa; the Block 12 that covers an area of approximately 386 km2 located in Cyprus; and the Yam Tethys project, which covers an area of approximately 500 km2 located to the west of the shores of Ashkelon.