Rare Element Resources Ltd. (OTCMKTS:REEMF) Short Interest Update

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the recipient of a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 1,333,850 shares, a decrease of 22.8% from the January 29th total of 1,727,926 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 686,693 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily trading volume, of 686,693 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.3% of the company’s stock are sold short.

Rare Element Resources Stock Performance

Shares of REEMF stock opened at $0.61 on Monday. Rare Element Resources has a twelve month low of $0.49 and a twelve month high of $1.92. The stock’s 50 day simple moving average is $0.78 and its 200 day simple moving average is $0.95. The company has a market capitalization of $314.83 million, a price-to-earnings ratio of -61.00 and a beta of 0.97.

About Rare Element Resources

Rare Element Resources is a U.S.-based exploration and development company focused on rare earth element deposits. The company’s flagship asset is the Bear Lodge project in northeastern Wyoming, which hosts both light and heavy rare earth oxides such as neodymium, praseodymium and dysprosium. Rare Element Resources is working to advance this project through feasibility, permitting and eventual commercial production to establish a domestic supply of critical minerals.

Incorporated in the mid-2000s and headquartered in Highlands Ranch, Colorado, Rare Element Resources has conducted extensive drilling, metallurgical test work and engineering studies to refine its processing technology.