Short Interest in NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) Declines By 54.6%

NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 280 shares, a drop of 54.6% from the August 15th total of 617 shares. Based on an average trading volume of 2,414 shares, the short-interest ratio is currently 0.1 days.

NewMed Energy – Limited Partnership Trading Up 4.8%

NewMed Energy – Limited Partnership stock opened at $5.50 on Tuesday. The business’s 50-day simple moving average is $5.39 and its two-hundred day simple moving average is $5.83. NewMed Energy – Limited Partnership has a fifty-two week low of $4.70 and a fifty-two week high of $7.33.

About NewMed Energy – Limited Partnership

NewMed Energy – Limited Partnership engages in the exploration, development, production, and sale of petroleum, natural gas, and condensate in Israel and Cyprus. The company holds interests in the Leviathan project, which covers an area of 500 square kilometer (km2) located to the west of the shores of Haifa; the Block 12 that covers an area of approximately 386 km2 located in Cyprus; and the Yam Tethys project, which covers an area of approximately 500 km2 located to the west of the shores of Ashkelon.