Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Update

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 39,500 shares, a decline of 50.4% from the December 31st total of 79,700 shares. Based on an average trading volume of 153,500 shares, the days-to-cover ratio is currently 0.3 days.

Desert Mountain Energy Price Performance

OTCMKTS DMEHF traded down $0.01 on Wednesday, reaching $0.18. 47,740 shares of the stock were exchanged, compared to its average volume of 26,749. Desert Mountain Energy has a one year low of $0.16 and a one year high of $0.33. The company’s 50-day simple moving average is $0.20 and its two-hundred day simple moving average is $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.