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

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 131,947 shares, a growth of 1,506.6% from the August 31st total of 8,213 shares. Based on an average daily volume of 189,538 shares, the days-to-cover ratio is currently 0.7 days.

Desert Mountain Energy Stock Performance

Shares of DMEHF traded up $0.01 during mid-day trading on Thursday, reaching $0.14. The stock had a trading volume of 92,291 shares, compared to its average volume of 188,573. The business has a fifty day moving average of $0.14 and a 200 day moving average of $0.20. Desert Mountain Energy has a 12 month low of $0.11 and a 12 month high of $0.45.

About Desert Mountain Energy

Desert Mountain Energy Ltd (OTCMKTS:DMEHF) is an exploration and development company focused on unlocking lithium and geothermal resources in key basins of the western United States. With a strategic emphasis on sustainable technology and resource optimization, Desert Mountain Energy targets the growing demand for battery-grade lithium, a critical component in electric vehicles and renewable energy storage, as well as geothermal power generation.

The company holds exploration and development leases across multiple Nevada projects, including Clayton Valley, home to North America’s only producing lithium brine operation, as well as the Big Smoky and Fish Lake Valley basins.