Short Interest in Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Declines By 77.0%

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 22,800 shares, a drop of 77.0% from the March 15th total of 99,300 shares. Based on an average daily volume of 86,200 shares, the short-interest ratio is currently 0.3 days.

Desert Mountain Energy Trading Down 1.9 %

Shares of DMEHF opened at $0.16 on Thursday. The stock has a fifty day moving average price of $0.16 and a two-hundred day moving average price of $0.20. Desert Mountain Energy has a 52-week low of $0.13 and a 52-week high of $0.33.

About Desert Mountain Energy

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.