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 trading volume of 1,081,231 shares, the days-to-cover ratio is currently 0.1 days.

Desert Mountain Energy Trading Down 7.8%

DMEHF opened at $0.38 on Friday. The firm has a 50-day moving average price of $0.23 and a 200-day moving average price of $0.22. Desert Mountain Energy has a twelve month low of $0.12 and a twelve month 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.