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

Defense Metals Corp. (OTCMKTS:DFMTF) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 28,900 shares, a decline of 23.1% from the May 31st total of 37,600 shares. Based on an average daily trading volume, of 185,100 shares, the short-interest ratio is presently 0.2 days.

Defense Metals Price Performance

OTCMKTS DFMTF traded down $0.01 during trading hours on Monday, reaching $0.14. The company’s stock had a trading volume of 11,420 shares, compared to its average volume of 77,729. The company’s 50-day moving average is $0.15 and its two-hundred day moving average is $0.16. Defense Metals has a fifty-two week low of $0.11 and a fifty-two week high of $0.21.

About Defense Metals

Defense Metals Corp. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It has 100% interest in the Wicheeda project consisting of 9 mineral claims covering an area of 4,244 hectares located in British Columbia. The company was formerly known as First Legacy Mining Corp.