Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Sees Large Growth in Short Interest

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 60,200 shares, a growth of 374.0% from the August 31st total of 12,700 shares. Based on an average trading volume of 99,200 shares, the short-interest ratio is currently 0.6 days.

Desert Mountain Energy Trading Up 4.1 %

Shares of DMEHF traded up 0.01 during mid-day trading on Friday, reaching 0.29. The company had a trading volume of 10,100 shares, compared to its average volume of 43,916. The company’s 50 day simple moving average is 0.22 and its 200 day simple moving average is 0.22. Desert Mountain Energy has a 1-year low of 0.16 and a 1-year 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.