NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) Short Interest Up 100.9% in June

NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 442 shares, an increase of 100.9% from the May 31st total of 220 shares. Based on an average daily volume of 1,019 shares, the days-to-cover ratio is currently 0.4 days.

NewMed Energy – Limited Partnership Price Performance

OTCMKTS:DKDRF remained flat at $5.25 during midday trading on Wednesday. 475 shares of the company were exchanged, compared to its average volume of 2,294. The business’s 50-day simple moving average is $5.99 and its two-hundred day simple moving average is $6.08. NewMed Energy – Limited Partnership has a 1 year low of $4.45 and a 1 year high of $7.33.

NewMed Energy – Limited Partnership Company Profile

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.