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

Financial News Live ·  Aug 28, 2022 16:01

Defense Metals Corp. (OTCMKTS:DFMTF – Get Rating) was the target of a significant increase in short interest in August. As of August 15th, there was short interest totalling 356,000 shares, an increase of 19.6% from the July 31st total of 297,600 shares. Based on an average daily trading volume, of 137,000 shares, the days-to-cover ratio is currently 2.6 days.

Defense Metals Stock Performance

Shares of OTCMKTS:DFMTF remained flat at $0.15 during mid-day trading on Friday. The company had a trading volume of 14,084 shares, compared to its average volume of 79,946. Defense Metals has a fifty-two week low of $0.12 and a fifty-two week high of $0.28. The business's 50 day moving average price is $0.15 and its 200 day moving average price is $0.19.

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About Defense Metals

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Defense Metals Corp., a junior exploration company, engages in the acquisition and exploration of mineral properties in Canada. It has an option to acquire 100% interest in the Wicheeda project consisting of six mining claims covering an area of 1,708 hectares located in British Columbia. The company was formerly known as First Legacy Mining Corp.

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