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

Defense Metals Corp. (OTCMKTS:DFMTF) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 24,688 shares, a decline of 50.3% from the June 30th total of 49,631 shares. Based on an average daily volume of 163,373 shares, the short-interest ratio is currently 0.2 days.

Defense Metals Price Performance

Shares of OTCMKTS DFMTF opened at $0.09 on Thursday. Defense Metals has a 1 year low of $0.08 and a 1 year high of $0.32. The firm has a fifty day moving average price of $0.11 and a 200-day moving average price of $0.15.

About Defense Metals

Defense Metals Corp. is a Canadian mineral exploration company focused on the identification and development of rare earth element (REE) resources. Headquartered in Vancouver, British Columbia, the company is listed on the OTC Markets under the symbol DFMTF and on the TSX Venture Exchange under DEFN. Its principal objective is to advance its flagship Wicheeda Rare Earth Element Project toward production, targeting REEs that are critical for the manufacturing of permanent magnets, electric vehicles, wind turbines and advanced defense applications.

The Wicheeda project is located approximately 55 kilometres northeast of Prince George in central British Columbia.