Rare Element Resources Ltd. (OTCMKTS:REEMF) is seeing a significant increase in short interest

Rare Element Resources Ltd. (OTCMKTS:REEMF – Get Free Report ) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 8,800 shares, an increase of 8,700.0% from August 15th’s total of 100 shares. Based on an average daily trading volume of 172,800 shares, the days-to-cover ratio is currently 0.1 days.

Rare Item Resource Stock Performance

Shares of REEMF stock opened at $0.26 on Friday. The company’s 50-day simple moving average is $0.26 and its 200-day simple moving average is $0.23. Rare Element Resources has a 52 week low of $0.13 and a 52 week high of $0.60.

Rare Element Resources (OTCMKTS:REEMF – Get Your Free Report ) last released its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.

Rare Element Resources Company Profile

(Get a free report)

Rare Element Resources Ltd. is engaged in the exploration of mineral properties in the United States and Canada. It owns a 100% interest in the Bear Lodge property comprising the Bear Lodge REE project; and the Sundance Gold project located in Crook County, northeastern Wyoming. Rare Element Resources Ltd.

Featured stories

Receive daily news and ratings for Rare Element Resources – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Rare Element Resources and related companies with MarketBeat.com’s FREE daily email newsletter.