Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Down 50.4% in December

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 39,500 shares, a decline of 50.4% from the December 15th total of 79,700 shares. Based on an average daily volume of 153,500 shares, the short-interest ratio is presently 0.3 days.

Desert Mountain Energy Trading Up 3.4 %

Shares of OTCMKTS DMEHF traded up $0.01 during mid-day trading on Tuesday, hitting $0.21. 22,106 shares of the stock traded hands, compared to its average volume of 17,276. The stock has a fifty day moving average price of $0.21 and a 200-day moving average price of $0.22. 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.