NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) Sees Significant Growth in Short Interest

NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) was the recipient of a significant growth in short interest during the month of 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 trading volume, of 1,903 shares, the days-to-cover ratio is currently 0.1 days.

NewMed Energy – Limited Partnership Stock Up 0.9%

NewMed Energy – Limited Partnership stock traded up $0.05 during mid-day trading on Friday, hitting $5.82. NewMed Energy – Limited Partnership has a 1-year low of $4.20 and a 1-year high of $7.34. The firm has a fifty day moving average of $6.11 and a 200-day moving average of $5.99.

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.