Deterra Royalties Limited (OTCMKTS:DETRF) Shares Shorted: Short Interest Down 82.5% in September

Deterra Royalties Limited (OTCMKTS:DETRF) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 2,822 shares, a decrease of 82.5% from the August 31st total of 16,121 shares. Based on an average trading volume of 14,108 shares, the short-interest ratio is currently 0.2 days.

Deterra Royalties Stock Performance

OTCMKTS DETRF opened at C$2.95 on Friday. The company has a fifty day moving average of C$3.10 and a 200 day moving average of C$3.11. Deterra Royalties has a 1 year low of C$2.51 and a 1 year high of C$3.50.

Analysts Set New Price Targets

Separately, BMO Capital Markets began coverage on Deterra Royalties in a research report on Thursday, September 17th. They set an “outperform” rating and a $5.25 price target for the company. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

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.