MDM Permian, Inc. (OTCMKTS:MDMP) Short Interest Update

MDM Permian, Inc. (OTCMKTS:MDMP) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 25,100 shares, an increase of 90.2% from the March 15th total of 13,200 shares. Based on an average daily volume of 201,300 shares, the short-interest ratio is currently 0.1 days.

MDM Permian Stock Performance

Shares of MDMP remained flat at $0.01 during midday trading on Friday. MDM Permian has a twelve month low of $0.01 and a twelve month high of $0.03. The company’s 50-day moving average price is $0.01 and its two-hundred day moving average price is $0.01.

MDM Permian Company Profile

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.