Short Interest in MDM Permian, Inc. (OTCMKTS:MDMP) Increases By 260.3%

MDM Permian, Inc. (OTCMKTS:MDMP) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 26,300 shares, an increase of 260.3% from the December 31st total of 7,300 shares. Based on an average daily trading volume, of 518,500 shares, the days-to-cover ratio is currently 0.1 days.

MDM Permian Trading Down 0.9 %

Shares of MDMP traded down $0.00 during mid-day trading on Friday, reaching $0.01. The company’s stock had a trading volume of 362,144 shares, compared to its average volume of 163,537. MDM Permian has a 52 week low of $0.01 and a 52 week high of $0.03. The company’s fifty 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.