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

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 19,800 shares, a decline of 24.7% from the May 31st total of 26,300 shares. Based on an average daily volume of 83,900 shares, the days-to-cover ratio is presently 0.2 days.

Desert Mountain Energy Trading Down 7.2 %

OTCMKTS:DMEHF traded down 0.02 during trading hours on Friday, reaching 0.22. 43,400 shares of the stock were exchanged, compared to its average volume of 45,106. The firm has a 50 day moving average of 0.23 and a 200 day moving average of 0.22. Desert Mountain Energy has a twelve month low of 0.16 and a twelve month high of 0.88.

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.