Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Up 236.3% in December

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 79,700 shares, a growth of 236.3% from the November 30th total of 23,700 shares. Based on an average daily trading volume, of 167,600 shares, the short-interest ratio is currently 0.5 days.

Desert Mountain Energy Trading Down 3.6 %

OTCMKTS DMEHF traded down $0.01 during trading hours on Friday, hitting $0.20. 41,700 shares of the company were exchanged, compared to its average volume of 44,471. The stock has a 50-day moving average price of $0.21 and a 200 day moving average price of $0.22. 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.