Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Up 846.9% in February

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 60,600 shares, an increase of 846.9% from the January 31st total of 6,400 shares. Based on an average daily trading volume, of 186,800 shares, the days-to-cover ratio is currently 0.3 days.

Desert Mountain Energy Stock Performance

Shares of DMEHF stock traded up $0.01 on Thursday, hitting $0.16. 23,055 shares of the stock traded hands, compared to its average volume of 53,083. Desert Mountain Energy has a 1-year low of $0.15 and a 1-year high of $0.33. The company’s fifty day moving average is $0.19 and its 200 day 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.