Short Interest in Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Rises By 236.3%

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the recipient of a significant increase in short interest in 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 volume of 167,600 shares, the short-interest ratio is currently 0.5 days.

Desert Mountain Energy Stock Performance

DMEHF stock traded down $0.01 during trading on Friday, hitting $0.20. 41,700 shares of the company’s stock traded hands, compared to its average volume of 44,471. The business has a fifty day simple moving average of $0.21 and a two-hundred day simple moving average of $0.22. Desert Mountain Energy has a 1 year low of $0.16 and a 1 year high of $0.33.

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.