MDM Permian, Inc. (OTCMKTS:MDMP) Short Interest Up 676.5% in March

MDM Permian, Inc. (OTCMKTS:MDMP) was the target of a significant growth in short interest in 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 MDM Permian stock traded up $0.00 during trading hours on Wednesday, reaching $0.01. 123,800 shares of the company’s stock were exchanged, compared to its average volume of 135,137. The business has a fifty day moving average of $0.01 and a two-hundred day moving average of $0.01. MDM Permian has a 1 year low of $0.01 and a 1 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.