Short Interest in Deterra Royalties Limited (OTCMKTS:DETRF) Increases By 189.9%

Deterra Royalties Limited (OTCMKTS:DETRF) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 112,100 shares, a growth of 189.9% from the April 30th total of 38,667 shares. Based on an average daily trading volume, of 47,588 shares, the days-to-cover ratio is presently 2.4 days.

Deterra Royalties Stock Performance

Shares of OTCMKTS DETRF opened at C$3.45 on Friday. Deterra Royalties has a 12-month low of C$2.26 and a 12-month high of C$3.45. The firm has a 50 day moving average of C$3.08 and a 200 day moving average of C$2.95.

About Deterra Royalties

Deterra Royalties is an Australia?based diversified minerals royalty company that holds a portfolio of royalty interests across key mining jurisdictions. Established through the spin?out of royalty assets from Iluka Resources in early 2022, Deterra provides investors with exposure to mineral sands, lithium and other base?metal projects without the direct operational risks of mining. The company’s business model focuses on acquiring and managing net smelter return (NSR) royalties and production?based royalties, generating stable, high?margin cash flows from established mines as well as emerging developments.

The company’s royalty portfolio includes interests in mineral sands operations in Western Australia and South Australia, where it participates in production from major heavy mineral deposits.