MDM Permian, Inc. (OTCMKTS:MDMP – Get Free Report) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 9,528 shares, an increase of ? from the April 30th total of 0 shares. Based on an average trading volume of 218,711 shares, the days-to-cover ratio is currently 0.0 days.
MDM Permian Stock Performance
OTCMKTS MDMP remained flat at $0.00 on Monday. 2,510 shares of the company’s stock traded hands, compared to its average volume of 198,727. MDM Permian has a 12-month low of $0.00 and a 12-month high of $0.02.
About MDM Permian
MDM Permian Trust (OTCMKTS:MDMP) is a royalty trust focused on generating income through ownership of net overriding royalty interests in oil and natural gas properties located in the Permian Basin of West Texas and southeastern New Mexico. Unlike exploration and production companies, the trust does not operate drilling activities or field production directly. Instead, it receives a share of production revenues from established operators in the region, providing investors with a passive income stream tied to underlying reservoir yields.
The trust’s portfolio comprises interests in several core Permian Basin assets, including properties in both the Midland and Delaware basins.
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