Defense Metals Corp. (OTCMKTS:DFMTF) Shares Shorted: Short Interest Down 63.0% in September

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

Defense Metals Trading Up 3.8%

OTCMKTS DFMTF traded up $0.00 on Friday, hitting $0.10. 14,110 shares of the stock were exchanged, compared to its average volume of 114,716. Defense Metals has a fifty-two week low of $0.08 and a fifty-two week high of $0.32. The company has a 50-day moving average price of $0.10 and a 200-day moving average price of $0.13.

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.