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

Defense Metals Corp. (OTCMKTS:DFMTF) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 4,500 shares, a drop of 72.6% from the July 15th total of 16,400 shares. Based on an average daily trading volume, of 86,300 shares, the short-interest ratio is currently 0.1 days.

Defense Metals Stock Performance

Shares of DFMTF remained flat at $0.10 during mid-day trading on Monday. The stock has a 50-day simple moving average of $0.13 and a two-hundred day simple moving average of $0.15. Defense Metals has a one year low of $0.09 and a one year high of $0.21.

Defense Metals Company Profile

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.