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

NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) saw a large increase in short interest during 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 short-interest ratio is presently 0.4 days.

NewMed Energy – Limited Partnership Price Performance

NewMed Energy – Limited Partnership stock opened at $5.52 on Tuesday. The firm has a fifty day simple moving average of $6.02 and a two-hundred day simple moving average of $6.08. NewMed Energy – Limited Partnership has a twelve month low of $4.45 and a twelve month high of $7.33.

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.