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

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 51,500 shares, a drop of 11.2% from the October 31st total of 58,000 shares. Based on an average daily trading volume, of 50,100 shares, the short-interest ratio is currently 1.0 days.

Desert Mountain Energy Price Performance

OTCMKTS DMEHF traded down 0.02 on Tuesday, hitting 0.19. The company had a trading volume of 50,300 shares, compared to its average volume of 41,237. The company’s fifty day moving average price is 0.24 and its 200-day moving average price is 0.23. Desert Mountain Energy has a 12-month low of 0.16 and a 12-month 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.