Short Interest in Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Increases By 846.9%

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 60,600 shares, an increase of 846.9% from the January 31st total of 6,400 shares. Based on an average daily volume of 186,800 shares, the days-to-cover ratio is presently 0.3 days.

Desert Mountain Energy Trading Down 1.9 %

Shares of Desert Mountain Energy stock traded down $0.00 during trading hours on Friday, hitting $0.16. 56,700 shares of the company’s stock traded hands, compared to its average volume of 53,176. Desert Mountain Energy has a 12-month low of $0.15 and a 12-month high of $0.33. The company has a fifty day simple moving average of $0.19 and a 200-day simple moving average of $0.22.

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.