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

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

Desert Mountain Energy Trading Up 5.6%

Shares of Desert Mountain Energy stock traded up $0.01 on Thursday, hitting $0.14. 92,291 shares of the company’s stock were exchanged, compared to its average volume of 188,573. The company has a 50-day simple moving average of $0.14 and a 200-day simple moving average of $0.20. Desert Mountain Energy has a 1 year low of $0.11 and a 1 year 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.