Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Update
by Renee Jackson · The Cerbat GemDesert Mountain Energy Corp. (OTCMKTS:DMEHF – Get Free Report) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 61,185 shares, an increase of 1,114.0% from the November 30th total of 5,040 shares. Based on an average daily volume of 230,457 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 230,457 shares, the short-interest ratio is currently 0.3 days.
Desert Mountain Energy Price Performance
DMEHF traded up $0.01 during trading on Wednesday, hitting $0.18. 11,915 shares of the company traded hands, compared to its average volume of 67,176. The stock’s fifty day moving average is $0.24 and its 200 day moving average is $0.19. Desert Mountain Energy has a one year low of $0.12 and a one year high of $0.40.
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.