Short Interest in MDM Permian, Inc. (OTCMKTS:MDMP) Grows By 90.2%

MDM Permian, Inc. (OTCMKTS:MDMP) saw a large 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 volume of 201,300 shares, the days-to-cover ratio is currently 0.1 days.

MDM Permian Stock Performance

Shares of OTCMKTS MDMP remained flat at $0.01 during midday trading on Friday. The company’s 50-day moving average is $0.01 and its 200-day moving average is $0.01. MDM Permian has a one year low of $0.01 and a one year 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.