Defense Metals Corp. (OTCMKTS:DFMTF) Short Interest Up 171.8% in April

Defense Metals Corp. (OTCMKTS:DFMTF) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 42,400 shares, a growth of 171.8% from the March 31st total of 15,600 shares. Based on an average daily volume of 130,200 shares, the days-to-cover ratio is currently 0.3 days.

Defense Metals Stock Performance

Shares of DFMTF opened at $0.16 on Friday. Defense Metals has a 12 month low of $0.11 and a 12 month high of $0.21. The firm has a fifty day simple moving average of $0.17 and a 200 day simple moving average of $0.16.

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.