Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Up 374.0% in September

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the recipient of a large growth in short interest during the month of 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 days-to-cover ratio is presently 0.6 days.

Desert Mountain Energy Price Performance

Shares of DMEHF stock traded up 0.01 during trading hours on Friday, hitting 0.29. 10,100 shares of the company’s stock traded hands, compared to its average volume of 43,916. Desert Mountain Energy has a 12 month low of 0.16 and a 12 month high of 0.33. The stock’s 50 day simple moving average is 0.22 and its 200 day simple moving average is 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.