Short Interest in Defense Metals Corp. (OTCMKTS:DFMTF) Grows By 94.2%

Defense Metals Corp. (OTCMKTS:DFMTF) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 96,259 shares, an increase of 94.2% from the July 30th total of 49,579 shares. Based on an average trading volume of 139,295 shares, the days-to-cover ratio is presently 0.7 days.

Defense Metals Stock Up 2.2%

Shares of DFMTF traded up $0.00 during trading hours on Friday, reaching $0.11. 48,494 shares of the stock traded hands, compared to its average volume of 119,659. Defense Metals has a 52 week low of $0.08 and a 52 week high of $0.32. The stock has a fifty day simple moving average of $0.10 and a 200 day simple moving average of $0.14.

Defense Metals Company Profile

Defense Metals Corp. is a Canadian mineral exploration company focused on the identification and development of rare earth element (REE) resources. Headquartered in Vancouver, British Columbia, the company is listed on the OTC Markets under the symbol DFMTF and on the TSX Venture Exchange under DEFN. Its principal objective is to advance its flagship Wicheeda Rare Earth Element Project toward production, targeting REEs that are critical for the manufacturing of permanent magnets, electric vehicles, wind turbines and advanced defense applications.

The Wicheeda project is located approximately 55 kilometres northeast of Prince George in central British Columbia.