Deterra Royalties Limited (OTCMKTS:DETRF) Stock Short Interest Report for October

Deterra Royalties Limited (OTCMKTS:DETRF) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 40,806 shares, an increase of 207.2% from the September 30th total of 13,282 shares. Based on an average daily trading volume, of 6,869 shares, the days-to-cover ratio is presently 5.9 days.

Deterra Royalties Stock Performance

Shares of DETRF opened at C$3.00 on Friday. Deterra Royalties has a 12 month low of C$2.52 and a 12 month high of C$3.50. The company’s fifty day moving average is C$2.97 and its 200-day moving average is C$3.07.

Analysts Set New Price Targets

Separately, BMO Capital Markets assumed coverage on Deterra Royalties in a research report on Thursday, September 17th. They set an “outperform” rating and a $5.25 target price on the stock. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Deterra Royalties presently has an average rating of “Buy”.

Deterra Royalties Company Profile

Deterra Royalties Limited is an Australian mining royalty company that provides capital to mining businesses in exchange for rights to receive a portion of future revenue or production from mineral assets. As a royalty holder, Deterra generally does not operate mines or bear the same direct operating costs as mining companies, allowing it to participate in commodity production across a diversified portfolio.

The company’s principal asset is a royalty over Mining Area C, a major iron ore operation in Western Australia’s Pilbara region operated by BHP.