Short Interest in Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Decreases By 50.4%

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 39,500 shares, a drop of 50.4% from the December 31st total of 79,700 shares. Based on an average trading volume of 153,500 shares, the short-interest ratio is presently 0.3 days.

Desert Mountain Energy Stock Performance

Shares of OTCMKTS DMEHF traded down $0.01 during trading hours on Wednesday, hitting $0.18. 47,740 shares of the company traded hands, compared to its average volume of 26,749. The company’s 50 day moving average price is $0.20 and its 200 day moving average price is $0.22. Desert Mountain Energy has a 12 month low of $0.16 and a 12 month 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.