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

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 58,000 shares, an increase of 172.3% from the October 15th total of 21,300 shares. Based on an average daily volume of 95,500 shares, the days-to-cover ratio is presently 0.6 days.

Desert Mountain Energy Stock Down 1.4 %

OTCMKTS DMEHF opened at 0.21 on Friday. The company has a fifty day moving average of 0.25 and a two-hundred day moving average of 0.23. Desert Mountain Energy has a 52 week low of 0.16 and a 52 week 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.