Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Up 237.7% in June

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 16,886 shares, a growth of 237.7% from the June 15th total of 5,000 shares. Based on an average daily trading volume, of 184,003 shares, the short-interest ratio is currently 0.1 days.

Desert Mountain Energy Stock Performance

Shares of DMEHF traded up $0.00 during midday trading on Tuesday, hitting $0.15. 28,969 shares of the stock traded hands, compared to its average volume of 222,427. The business’s 50 day moving average price is $0.20 and its two-hundred day moving average price is $0.22. Desert Mountain Energy has a 1-year low of $0.12 and a 1-year high of $0.45.

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.