Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Stock Short Interest Jumps 131.6%

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 12,044 shares, an increase of 131.6% from the September 30th total of 5,200 shares. Based on an average trading volume of 243,531 shares, the short-interest ratio is currently 0.0 days.

Desert Mountain Energy Stock Down 2.1%

OTCMKTS:DMEHF traded down $0.00 on Friday, hitting $0.15. The stock had a trading volume of 44,465 shares, compared to its average volume of 179,005. Desert Mountain Energy has a 52 week low of $0.09 and a 52 week high of $0.45. The business’s fifty day moving average is $0.13 and its 200 day moving average is $0.19.

About Desert Mountain Energy

Desert Mountain Energy Corp. is a Canadian exploration and development company focused on helium and other industrial gases. Its activities center on identifying, evaluating, and developing subsurface gas resources for potential commercial production, with an emphasis on helium used in medical imaging, semiconductor manufacturing, aerospace, and other specialized applications.

The company’s principal area of operations is the Holbrook Basin in Arizona, where it has assembled mineral rights and leases and conducted geological, geophysical, and drilling programs.