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

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

Desert Mountain Energy Trading Down 7.2 %

Shares of DMEHF traded down 0.02 during mid-day trading on Friday, reaching 0.22. 43,400 shares of the company’s stock traded hands, compared to its average volume of 45,106. The stock’s 50-day moving average is 0.23 and its two-hundred day moving average is 0.22. Desert Mountain Energy has a 12 month low of 0.16 and a 12 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.