Short Interest in Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Decreases By 78.1%

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 5,000 shares, a drop of 78.1% from the May 31st total of 22,868 shares. Based on an average daily trading volume, of 137,657 shares, the days-to-cover ratio is presently 0.0 days.

Desert Mountain Energy Stock Down 2.9%

Shares of DMEHF stock opened at $0.16 on Friday. Desert Mountain Energy has a 52 week low of $0.12 and a 52 week high of $0.45. The company has a 50-day simple moving average of $0.22 and a 200 day simple moving average of $0.22.

Desert Mountain Energy Company Profile

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.