Short Interest in Defense Metals Corp. (OTCMKTS:DFMTF) Increases By 124.6%

Defense Metals Corp. (OTCMKTS:DFMTF) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 59,883 shares, an increase of 124.6% from the April 15th total of 26,658 shares. Based on an average daily volume of 147,061 shares, the days-to-cover ratio is presently 0.4 days.

Defense Metals Stock Performance

Shares of OTCMKTS:DFMTF opened at $0.13 on Friday. The business has a 50 day moving average price of $0.16 and a 200 day moving average price of $0.18. Defense Metals has a twelve month low of $0.09 and a twelve month high of $0.32.

Defense Metals Company Profile

Defense Metals Corp. is a Canadian mineral exploration company focused on the identification and development of rare earth element (REE) resources. Headquartered in Vancouver, British Columbia, the company is listed on the OTC Markets under the symbol DFMTF and on the TSX Venture Exchange under DEFN. Its principal objective is to advance its flagship Wicheeda Rare Earth Element Project toward production, targeting REEs that are critical for the manufacturing of permanent magnets, electric vehicles, wind turbines and advanced defense applications.

The Wicheeda project is located approximately 55 kilometres northeast of Prince George in central British Columbia.