Defense Metals Corp. (OTCMKTS:DFMTF) Short Interest Up 127.8% in July

Defense Metals Corp. (OTCMKTS:DFMTF) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 16,400 shares, a growth of 127.8% from the June 30th total of 7,200 shares. Based on an average trading volume of 50,400 shares, the days-to-cover ratio is presently 0.3 days.

Defense Metals Price Performance

Shares of DFMTF stock traded down $0.01 on Friday, reaching $0.12. 48,013 shares of the company were exchanged, compared to its average volume of 72,229. The company has a 50-day moving average of $0.14 and a 200-day moving average of $0.16. Defense Metals has a one year low of $0.11 and a one year high of $0.21.

About Defense Metals

Defense Metals Corp. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It has 100% interest in the Wicheeda project consisting of 9 mineral claims covering an area of 4,244 hectares located in British Columbia. The company was formerly known as First Legacy Mining Corp.