Short Interest in Defense Metals Corp. (OTCMKTS:DFMTF) Expands By 100.8%

Defense Metals Corp. (OTCMKTS:DFMTF) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 49,579 shares, a growth of 100.8% from the July 15th total of 24,688 shares. Based on an average trading volume of 146,473 shares, the days-to-cover ratio is currently 0.3 days.

Defense Metals Price Performance

DFMTF opened at $0.10 on Monday. Defense Metals has a 52 week low of $0.08 and a 52 week high of $0.32. The business’s fifty day simple moving average is $0.10 and its 200 day simple moving average is $0.14.

Defense Metals Company Profile

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.