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

Defense Metals Corp. (OTCMKTS:DFMTF) saw a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 56,900 shares, a growth of 56,800.0% from the January 15th total of 100 shares. Based on an average daily volume of 194,100 shares, the short-interest ratio is presently 0.3 days.

Defense Metals Price Performance

Shares of OTCMKTS:DFMTF opened at $0.12 on Thursday. The company’s 50-day moving average is $0.11 and its 200 day moving average is $0.09. Defense Metals has a fifty-two week low of $0.05 and a fifty-two week high of $0.20.

About Defense Metals

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.