Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Up 29.6% in August

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 12,700 shares, an increase of 29.6% from the August 15th total of 9,800 shares. Based on an average trading volume of 112,000 shares, the short-interest ratio is presently 0.1 days.

Desert Mountain Energy Stock Up 10.0 %

Shares of OTCMKTS DMEHF traded up 0.02 during mid-day trading on Friday, hitting 0.25. The company had a trading volume of 39,500 shares, compared to its average volume of 43,749. The business’s 50-day simple moving average is 0.21 and its 200 day simple moving average is 0.21. Desert Mountain Energy has a 1-year low of 0.16 and a 1-year high of 0.36.

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.