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

NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 220 shares, a growth of 633.3% from the April 30th total of 30 shares. Based on an average daily volume of 1,903 shares, the days-to-cover ratio is currently 0.1 days.

NewMed Energy – Limited Partnership Stock Performance

OTCMKTS DKDRF opened at $5.82 on Friday. NewMed Energy – Limited Partnership has a twelve month low of $4.20 and a twelve month high of $7.34. The stock’s 50 day moving average is $6.10 and its 200 day moving average is $5.99.

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.