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

MDM Permian, Inc. (OTCMKTS:MDMP) was the recipient 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 daily volume of 162,600 shares, the short-interest ratio is currently 0.1 days.

MDM Permian Price Performance

Shares of MDMP stock traded up $0.00 on Wednesday, hitting $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 price is $0.01 and its 200-day moving average price is $0.01. MDM Permian has a 1 year low of $0.01 and a 1 year 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.