Deterra Royalties Limited (OTCMKTS:DETRF) Short Interest Up 189.9% in May

Deterra Royalties Limited (OTCMKTS:DETRF) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 112,100 shares, a growth of 189.9% from the April 30th total of 38,667 shares. Based on an average trading volume of 47,588 shares, the short-interest ratio is presently 2.4 days.

Deterra Royalties Price Performance

Shares of DETRF stock traded up C$0.08 on Friday, reaching C$3.45. 903 shares of the company’s stock were exchanged, compared to its average volume of 17,646. The company’s fifty day simple moving average is C$3.08 and its 200 day simple moving average is C$2.95. Deterra Royalties has a 52 week low of C$2.26 and a 52 week high of C$3.45.

Deterra Royalties Company Profile

Deterra Royalties is an Australia‐based diversified minerals royalty company that holds a portfolio of royalty interests across key mining jurisdictions. Established through the spin‐out of royalty assets from Iluka Resources in early 2022, Deterra provides investors with exposure to mineral sands, lithium and other base‐metal projects without the direct operational risks of mining. The company’s business model focuses on acquiring and managing net smelter return (NSR) royalties and production‐based royalties, generating stable, high‐margin cash flows from established mines as well as emerging developments.

The company’s royalty portfolio includes interests in mineral sands operations in Western Australia and South Australia, where it participates in production from major heavy mineral deposits.