Desert Mountain Energy Corp. (OTCMKTS:DMEHF) Short Interest Down 81.7% in May

Desert Mountain Energy Corp. (OTCMKTS:DMEHF) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 5,000 shares, a decline of 81.7% from the April 30th total of 27,359 shares. Based on an average daily volume of 479,166 shares, the days-to-cover ratio is currently 0.0 days.

Desert Mountain Energy Trading Up 1.2%

Shares of OTCMKTS:DMEHF opened at $0.22 on Thursday. Desert Mountain Energy has a 1 year low of $0.12 and a 1 year high of $0.45. The stock has a 50-day simple moving average of $0.28 and a 200-day simple moving average of $0.23.

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.