Deterra Royalties Limited (OTCMKTS:DETRF) Short Interest Up 189.9% in May

Deterra Royalties Limited (OTCMKTS:DETRF) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 112,100 shares, an increase of 189.9% from the April 30th total of 38,667 shares. Based on an average daily trading volume, of 47,588 shares, the days-to-cover ratio is currently 2.4 days.

Deterra Royalties Price Performance

DETRF stock traded up C$0.08 on Friday, reaching C$3.45. The company had a trading volume of 903 shares, compared to its average volume of 17,646. Deterra Royalties has a 1 year low of C$2.26 and a 1 year high of C$3.45. The company’s fifty day moving average is C$3.08 and its 200 day moving average is C$2.95.

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.