Deterra Royalties Limited (OTCMKTS:DETRF) Short Interest Up 224.5% in July

Deterra Royalties Limited (OTCMKTS:DETRF) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 26,247 shares, an increase of 224.5% from the July 15th total of 8,089 shares. Based on an average daily trading volume, of 38,244 shares, the short-interest ratio is currently 0.7 days.

Deterra Royalties Price Performance

Shares of Deterra Royalties stock remained flat at C$3.01 on Friday. 1,829 shares of the stock traded hands, compared to its average volume of 23,781. The company has a fifty day simple moving average of C$3.18 and a 200-day simple moving average of C$3.11. Deterra Royalties has a 12 month low of C$2.51 and a 12 month high of C$3.50.

About Deterra Royalties

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.