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

Defense Metals Corp. (OTCMKTS:DFMTF) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 31,560 shares, a decline of 63.0% from the August 31st total of 85,310 shares. Based on an average daily trading volume, of 98,037 shares, the short-interest ratio is presently 0.3 days.

Defense Metals Trading Down 5.0%

Shares of OTCMKTS:DFMTF traded down $0.00 during trading on Monday, reaching $0.09. 57,994 shares of the stock traded hands, compared to its average volume of 114,252. The stock has a 50-day moving average of $0.10 and a two-hundred day moving average of $0.13. Defense Metals has a 52-week low of $0.08 and a 52-week high of $0.32.

About Defense Metals

Defense Metals Corp. is a Canadian mineral exploration and development company focused on rare earth elements and other strategic minerals. The company’s primary asset is the Wicheeda Rare Earth Element (REE) Project in British Columbia, Canada.

The Wicheeda Project is being evaluated for its potential to produce rare earth products, including light rare earth elements used in permanent magnets, electric vehicles, wind turbines, electronics and other advanced technologies. Defense Metals has conducted exploration, metallurgical testing and technical studies to assess the project’s development potential.

Defense Metals is a development-stage company and is not currently described as a commercial rare earth producer.