Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Up 208.2% in August

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 15,410 shares, a growth of 208.2% from the July 30th total of 5,000 shares. Based on an average trading volume of 196,434 shares, the days-to-cover ratio is presently 0.1 days.

Desert Mountain Energy Stock Down 1.7%

DMEHF stock traded down $0.00 during midday trading on Friday, reaching $0.13. The company had a trading volume of 54,333 shares, compared to its average volume of 199,524. Desert Mountain Energy has a 1 year low of $0.12 and a 1 year high of $0.45. The company has a 50 day moving average of $0.15 and a two-hundred day moving average of $0.21.

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.