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

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 54,527 shares, an increase of 990.5% from the December 31st total of 5,000 shares. Based on an average daily volume of 152,517 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 152,517 shares, the days-to-cover ratio is presently 0.4 days.

Desert Mountain Energy Stock Performance

Shares of OTCMKTS:DMEHF traded up $0.02 during midday trading on Wednesday, hitting $0.23. 67,710 shares of the company’s stock traded hands, compared to its average volume of 161,837. Desert Mountain Energy has a twelve month low of $0.12 and a twelve month high of $0.40. The firm’s fifty day moving average price is $0.19 and its two-hundred day moving average price is $0.20.

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.