Deterra Royalties Limited (OTCMKTS:DETRF) Shares Shorted: Short Interest Down 82.5% in September

Deterra Royalties Limited (OTCMKTS:DETRF) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 2,822 shares, a decrease of 82.5% from the August 31st total of 16,121 shares. Based on an average trading volume of 14,108 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets began coverage on shares of Deterra Royalties in a report on Thursday, September 17th. They set an “outperform” rating and a $5.25 price target on the stock. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Deterra Royalties Trading Down 2.4%

OTCMKTS DETRF traded down C$0.07 during trading hours on Friday, hitting C$2.88. 64,410 shares of the company’s stock were exchanged, compared to its average volume of 22,792. The stock has a 50-day simple moving average of C$3.10 and a 200 day simple moving average of C$3.11. Deterra Royalties has a 1-year low of C$2.51 and a 1-year high of C$3.50.

Deterra Royalties Company Profile

Deterra Royalties is an Australia‐based diversified minerals royalty company that holds a portfolio of royalty interests across key mining jurisdictions. Established through the spin‐out of royalty assets from Iluka Resources in early 2022, Deterra provides investors with exposure to mineral sands, lithium and other base‐metal projects without the direct operational risks of mining. The company’s business model focuses on acquiring and managing net smelter return (NSR) royalties and production‐based royalties, generating stable, high‐margin cash flows from established mines as well as emerging developments.

The company’s royalty portfolio includes interests in mineral sands operations in Western Australia and South Australia, where it participates in production from major heavy mineral deposits.