MMEX Resources Co. (OTCMKTS:MMEX) Sees Large Drop in Short Interest

MMEX Resources Co. (OTCMKTS:MMEX) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 100 shares, a decrease of 98.4% from the December 15th total of 6,200 shares. Based on an average trading volume of 183,700 shares, the days-to-cover ratio is presently 0.0 days.

Shares of MMEX stock traded down 0.02 during trading hours on Friday, hitting 0.21. 106,200 shares of the company were exchanged, compared to its average volume of 40,067. MMEX Resources has a one year low of 0.19 and a one year high of 249.00. The business’s 50-day simple moving average is 0.39 and its two-hundred day simple moving average is 0.75.

MMEX Resources Company Profile

MMEX Resources Corp. is a capital pool company, which engages in the exploration, extraction, refining and distribution of oil, gas, petroleum products and electric power. It focuses on Pecos County Texas projects. The company was founded on May 19, 2005 and is headquartered in Austin, TX.

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