Defense Metals Corp. (OTCMKTS:DFMTF) Sees Large Growth in Short Interest

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

Defense Metals Stock Down 0.7 %

Defense Metals stock traded down $0.00 during midday trading on Wednesday, hitting $0.11. 117,086 shares of the company were exchanged, compared to its average volume of 93,064. Defense Metals has a fifty-two week low of $0.05 and a fifty-two week high of $0.20. The business has a fifty day simple moving average of $0.10 and a two-hundred day simple moving average of $0.09.

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.