NewMed Energy – Limited Partnership (OTCMKTS:DKDRF) Sees Large Decline in Short Interest

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

NewMed Energy – Limited Partnership Price Performance

DKDRF opened at $5.50 on Wednesday. NewMed Energy – Limited Partnership has a 1-year low of $4.70 and a 1-year high of $7.33. The business has a 50 day moving average of $5.40 and a 200-day moving average of $5.83.

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.