Short Interest in Rare Element Resources Ltd. (OTCMKTS:REEMF) Drops By 65.7%

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 8,500 shares, a drop of 65.7% from the December 31st total of 24,800 shares. Based on an average daily trading volume, of 216,200 shares, the short-interest ratio is currently 0.0 days.

Rare Element Resources Stock Up 7.4 %

REEMF stock traded up $0.04 during trading on Wednesday, hitting $0.56. 692,782 shares of the company traded hands, compared to its average volume of 183,799. Rare Element Resources has a 1 year low of $0.13 and a 1 year high of $0.59. The stock’s 50-day simple moving average is $0.40 and its 200 day simple moving average is $0.35.

Rare Element Resources (OTCMKTS:REEMF) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter.

Rare Element Resources Company Profile

Rare Element Resources Ltd. engages in the exploration of mineral properties in the United States and Canada. It holds 100% interest in the Bear Lodge property that comprises the Bear Lodge REE project; and the Sundance Gold project located in Crook County, northeast Wyoming. Rare Element Resources Ltd.