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 in March. As of March 15th, there was short interest totalling 99,300 shares, an increase of 57.1% from the February 28th total of 63,200 shares. Based on an average trading volume of 121,900 shares, the short-interest ratio is presently 0.8 days.

Desert Mountain Energy Trading Down 5.4 %

OTCMKTS DMEHF traded down $0.01 during trading hours on Friday, hitting $0.16. 30,789 shares of the stock were exchanged, compared to its average volume of 52,439. Desert Mountain Energy has a 12-month low of $0.13 and a 12-month high of $0.33. The stock has a 50-day moving average of $0.17 and a 200 day moving average of $0.21.

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.