Short Interest in Defense Metals Corp. (OTCMKTS:DFMTF) Decreases By 78.1%

Defense Metals Corp. (OTCMKTS:DFMTF) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 7,300 shares, a decrease of 78.1% from the September 30th total of 33,300 shares. Based on an average daily trading volume, of 171,100 shares, the short-interest ratio is presently 0.0 days.

Defense Metals Price Performance

OTCMKTS:DFMTF remained flat at $0.07 during mid-day trading on Friday. 53,334 shares of the company were exchanged, compared to its average volume of 81,992. Defense Metals has a 1 year low of $0.05 and a 1 year high of $0.21. The firm’s fifty day moving average price is $0.08 and its 200 day moving average price is $0.12.

About Defense Metals

Defense Metals Corp. engages in the acquisition, exploration, development, and evaluation of mineral properties in Canada. It holds 100% interest in the Wicheeda Project consisting of 6 claims covering an area of 8,301 hectares located in British Columbia. The company was formerly known as First Legacy Mining Corp.