Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Up 217.0% in March

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 145,268 shares, an increase of 217.0% from the February 26th total of 45,828 shares. Based on an average daily volume of 1,081,231 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 1,081,231 shares, the short-interest ratio is presently 0.1 days.

Desert Mountain Energy Trading Up 23.1%

Desert Mountain Energy stock opened at $0.44 on Wednesday. Desert Mountain Energy has a 12 month low of $0.12 and a 12 month high of $0.44. The business’s 50 day simple moving average is $0.22 and its 200 day simple moving average is $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.