Short Interest in NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) Drops By 54.6%

NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 280 shares, a decline of 54.6% from the August 15th total of 617 shares. Based on an average trading volume of 2,414 shares, the short-interest ratio is currently 0.1 days.

NewMed Energy – Limited Partnership Stock Performance

OTCMKTS DKDRF opened at $5.25 on Monday. The business’s 50-day moving average price is $5.39 and its 200 day moving average price is $5.84. NewMed Energy – Limited Partnership has a twelve month low of $4.70 and a twelve month 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.