Defense Metals Corp. (OTCMKTS:DFMTF) Short Interest Up 91.2% in December

Defense Metals Corp. (OTCMKTS:DFMTF) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 76,100 shares, an increase of 91.2% from the December 15th total of 39,800 shares. Based on an average daily trading volume, of 415,000 shares, the days-to-cover ratio is currently 0.2 days.

Defense Metals Stock Up 0.9 %

Shares of OTCMKTS:DFMTF traded up $0.00 during midday trading on Tuesday, reaching $0.13. The company had a trading volume of 104,554 shares, compared to its average volume of 111,443. The stock’s fifty day moving average price is $0.09 and its 200-day moving average price is $0.09. Defense Metals has a one year low of $0.05 and a one year high of $0.20.

Defense Metals Company Profile

Defense Metals Corp. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It holds 100% interest in the Wicheeda Project consisting of 6 claims covering an area of 8,301 hectares located in British Columbia. The company was formerly known as First Legacy Mining Corp.