Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Up 57.1% in March

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) saw a significant increase in short interest during the month of 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 days-to-cover ratio is presently 0.8 days.

Desert Mountain Energy Trading Down 5.4 %

DMEHF stock traded down $0.01 during trading on Friday, hitting $0.16. The stock had a trading volume of 30,789 shares, compared to its average volume of 52,439. Desert Mountain Energy has a 1-year low of $0.13 and a 1-year high of $0.33. The company’s 50 day moving average price is $0.17 and its two-hundred day moving average price is $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.