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

MDM Permian, Inc. (OTCMKTS:MDMP) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 13,200 shares, a growth of 676.5% from the February 28th total of 1,700 shares. Based on an average daily trading volume, of 162,600 shares, the days-to-cover ratio is presently 0.1 days.

MDM Permian Stock Performance

MDMP stock remained flat at $0.01 during mid-day trading on Friday. The stock’s fifty day moving average price is $0.01 and its 200 day moving average price is $0.01. MDM Permian has a twelve month low of $0.01 and a twelve month high of $0.03.

About MDM Permian

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.