NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) Short Interest Up 633.3% in May

NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 220 shares, a growth of 633.3% from the April 30th total of 30 shares. Based on an average trading volume of 1,903 shares, the short-interest ratio is currently 0.1 days.

NewMed Energy – Limited Partnership Price Performance

DKDRF remained flat at $5.82 on Thursday. The company had a trading volume of 1,200 shares, compared to its average volume of 2,595. The business has a fifty day simple moving average of $6.11 and a 200 day simple moving average of $5.98. NewMed Energy – Limited Partnership has a 52-week low of $4.20 and a 52-week high of $7.34.

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.