Short Interest in Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Increases By 57.1%

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 99,300 shares, an increase of 57.1% from the February 28th total of 63,200 shares. Based on an average daily trading volume, of 121,900 shares, the short-interest ratio is currently 0.8 days.

Desert Mountain Energy Stock Down 5.4 %

Shares of OTCMKTS DMEHF traded down $0.01 during midday trading on Friday, reaching $0.16. 30,789 shares of the stock were exchanged, compared to its average volume of 52,439. The company has a 50 day simple moving average of $0.17 and a 200 day simple moving average of $0.21. Desert Mountain Energy has a twelve month low of $0.13 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.