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

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

MDM Permian Price Performance

Shares of MDM Permian stock remained flat at $0.01 during trading on Friday. The firm’s 50-day simple moving average is $0.01 and its 200-day simple moving average is $0.01. MDM Permian has a 52-week low of $0.01 and a 52-week high of $0.03.

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.