Short Interest in Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Rises By 236.3%

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

Desert Mountain Energy Price Performance

DMEHF traded down $0.01 during trading on Friday, hitting $0.20. The stock had a trading volume of 41,700 shares, compared to its average volume of 44,471. The stock has a 50 day simple moving average of $0.21 and a two-hundred day simple moving average of $0.22. Desert Mountain Energy has a twelve month low of $0.16 and a twelve 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.