Short Interest in REC Silicon ASA (OTCMKTS:RNWEF) Declines By 97.6%

REC Silicon ASA (OTCMKTS:RNWEF) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 400 shares, a decrease of 97.6% from the February 13th total of 16,700 shares. Based on an average daily trading volume, of 6,500 shares, the short-interest ratio is presently 0.1 days.

REC Silicon ASA Stock Down 11.3 %

RNWEF traded down $0.01 during trading on Wednesday, reaching $0.10. The company had a trading volume of 10,000 shares, compared to its average volume of 46,814. The business has a 50 day simple moving average of $0.12 and a 200-day simple moving average of $0.43. REC Silicon ASA has a 52 week low of $0.10 and a 52 week high of $1.13.

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.