Defense Metals Corp. (OTCMKTS:DFMTF) Sees Large Increase in Short Interest

Defense Metals Corp. (OTCMKTS:DFMTF) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 33,300 shares, a growth of 16,550.0% from the September 15th total of 200 shares. Based on an average trading volume of 166,800 shares, the days-to-cover ratio is currently 0.2 days.

Defense Metals Stock Performance

DFMTF opened at $0.07 on Thursday. Defense Metals has a one year low of $0.05 and a one year high of $0.21. The business’s fifty day moving average is $0.08 and its two-hundred day moving average is $0.13.

About Defense Metals

Defense Metals Corp. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It has 100% interest in the Wicheeda project consisting of 9 mineral claims covering an area of 4,244 hectares located in British Columbia. The company was formerly known as First Legacy Mining Corp.