Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Up 172.3% in October

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 58,000 shares, an increase of 172.3% from the October 15th total of 21,300 shares. Based on an average daily volume of 95,500 shares, the days-to-cover ratio is presently 0.6 days.

Desert Mountain Energy Stock Performance

OTCMKTS DMEHF opened at 0.21 on Friday. Desert Mountain Energy has a one year low of 0.16 and a one year high of 0.33. The company’s 50 day moving average price is 0.25 and its 200 day moving average price is 0.23.

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.