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

NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 220 shares, an increase 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 presently 0.1 days.

NewMed Energy – Limited Partnership Stock Performance

Shares of NewMed Energy – Limited Partnership stock remained flat at $5.82 during trading hours on Thursday. The stock had a trading volume of 1,200 shares, compared to its average volume of 2,595. NewMed Energy – Limited Partnership has a 1-year low of $4.20 and a 1-year high of $7.34. The firm has a 50-day moving average of $6.11 and a two-hundred day moving average of $5.98.

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.