Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Sees Significant Growth in Short Interest

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 79,700 shares, an increase of 236.3% from the November 30th total of 23,700 shares. Based on an average daily trading volume, of 167,600 shares, the days-to-cover ratio is currently 0.5 days.

Desert Mountain Energy Trading Down 3.6 %

Shares of OTCMKTS DMEHF traded down $0.01 during trading hours on Friday, hitting $0.20. 41,700 shares of the stock were exchanged, compared to its average volume of 44,471. Desert Mountain Energy has a 12 month low of $0.16 and a 12 month high of $0.33. The firm has a fifty day moving average price of $0.21 and a 200-day moving average price of $0.22.

Desert Mountain Energy Company Profile

Desert Mountain Energy Corp. engages in the exploration and development of oil and gas, and mineral properties in the Southwestern United States. It holds interest in the Holbrook Basin helium project located in the Northern Arizona. The company was formerly known as African Queen Mines Ltd. and changed its name to Desert Mountain Energy Corp.