Short Interest in Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Rises By 172.3%

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 58,000 shares, an increase of 172.3% from the October 15th total of 21,300 shares. Based on an average daily trading volume, of 95,500 shares, the short-interest ratio is currently 0.6 days.

Desert Mountain Energy Price Performance

Shares of DMEHF opened at 0.22 on Wednesday. The company’s fifty day moving average price is 0.25 and its 200-day moving average price is 0.23. 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.