MDM Permian, Inc. (OTCMKTS:MDMP) Short Interest Update

MDM Permian, Inc. (OTCMKTS:MDMP) was the target of a large growth in short interest in the month of 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 trading volume of 162,600 shares, the days-to-cover ratio is presently 0.1 days.

MDM Permian Price Performance

Shares of MDMP traded up $0.00 during midday trading on Thursday, reaching $0.01. The stock had a trading volume of 123,800 shares, compared to its average volume of 135,137. The company’s 50-day moving average is $0.01 and its 200 day moving average is $0.01. MDM Permian has a 12-month low of $0.01 and a 12-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.