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

MDM Permian, Inc. (OTCMKTS:MDMP) was the target of a significant growth in short interest during the month of 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 presently 0.1 days.

MDM Permian Price Performance

OTCMKTS MDMP remained flat at $0.01 during trading hours on Friday. MDM Permian has a 52 week low of $0.01 and a 52 week high of $0.03. The firm has a 50 day moving average of $0.01 and a two-hundred day moving average of $0.01.

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.