MDM Permian, Inc. (OTCMKTS:MDMP – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,448 shares, an increase of ∞ from the June 15th total of 0 shares. Based on an average daily volume of 84,611 shares, the days-to-cover ratio is currently 0.0 days.
MDM Permian Trading Up 12.2%
MDMP traded up $0.00 during trading on Friday, reaching $0.00. 17,283 shares of the stock were exchanged, compared to its average volume of 162,097. MDM Permian has a 1 year low of $0.00 and a 1 year high of $0.01.
About MDM Permian
MDM Permian Trust (OTCMKTS:MDMP) is a royalty trust focused on generating income through ownership of net overriding royalty interests in oil and natural gas properties located in the Permian Basin of West Texas and southeastern New Mexico. Unlike exploration and production companies, the trust does not operate drilling activities or field production directly. Instead, it receives a share of production revenues from established operators in the region, providing investors with a passive income stream tied to underlying reservoir yields.
The trust’s portfolio comprises interests in several core Permian Basin assets, including properties in both the Midland and Delaware basins.
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