Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Up 357.4% in May

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 22,868 shares, a growth of 357.4% from the May 14th total of 5,000 shares. Based on an average daily volume of 196,672 shares, the days-to-cover ratio is presently 0.1 days.

Desert Mountain Energy Trading Up 1.1%

OTCMKTS:DMEHF traded up $0.00 during midday trading on Thursday, reaching $0.19. 14,017 shares of the company traded hands, compared to its average volume of 249,630. Desert Mountain Energy has a twelve month low of $0.12 and a twelve month high of $0.45. The company has a fifty day moving average price of $0.25 and a 200 day moving average price of $0.23.

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.