REC Silicon ASA (OTCMKTS:RNWEF) Sees Large Increase in Short Interest

REC Silicon ASA (OTCMKTS:RNWEF) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 2,790,700 shares, an increase of 17.1% from the September 30th total of 2,382,800 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 1,993.4 days.

REC Silicon ASA Stock Performance

Shares of RNWEF stock remained flat at $0.76 during mid-day trading on Wednesday. The company’s 50-day moving average is $0.77 and its two-hundred day moving average is $0.80. REC Silicon ASA has a twelve month low of $0.54 and a twelve month high of $1.39.

REC Silicon ASA Company Profile

REC Silicon ASA, together with its subsidiaries, produces and sells silicon materials for the solar and electronics industries worldwide. It offers various Signature Silane gas, a pure form of silicon that produces product for fuel industries comprising specialty gases, including Dichlorosilane, Monochlorosilane, and Disilane for use in the manufacturing processes of flat panel displays, semiconductors, and solar cells; solar grade polysilicon, including NextSi used for multi crystalline and monocrystalline solar ingot and wafer production in the manufacturing of solar modules; and electronic grade polysilicon consisting of float zone-based devices are used in motor control and power conversion processes for hybrid and electric vehicles, wind energy, and high voltage transmission, 5G communications, high-speed trains, internet of things, and big data, as well as Czochralski for manufacturing of semiconductor wafers used in memory processors, optics, and micro electromechanical systems.