Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Down 11.2% in November

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 51,500 shares, a decline of 11.2% from the October 31st total of 58,000 shares. Based on an average daily volume of 50,100 shares, the short-interest ratio is currently 1.0 days.

Desert Mountain Energy Stock Performance

DMEHF traded up 0.01 on Friday, reaching 0.21. 4,300 shares of the company traded hands, compared to its average volume of 41,197. The stock’s 50 day moving average price is 0.24 and its 200-day moving average price is 0.23. Desert Mountain Energy has a 52-week low of 0.16 and a 52-week 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.