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

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

Desert Mountain Energy Trading Up 1.1%

Shares of Desert Mountain Energy stock traded up $0.00 during trading on Thursday, hitting $0.19. The stock had a trading volume of 14,017 shares, compared to its average volume of 249,630. The business has a fifty day moving average of $0.25 and a two-hundred day moving average of $0.23. Desert Mountain Energy has a fifty-two week low of $0.12 and a fifty-two week 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.