Rare Element Resources Ltd. (OTCMKTS:REEMF) Short Interest Down 75.0% in December

Rare Element Resources Ltd. (OTCMKTS:REEMF) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 639,200 shares, a decrease of 75.0% from the December 15th total of 2,555,300 shares. Based on an average trading volume of 655,100 shares, the short-interest ratio is presently 1.0 days.

Shares of REEMF traded down $0.03 during trading hours on Friday, reaching $1.63. The stock had a trading volume of 116,379 shares, compared to its average volume of 377,661. Rare Element Resources has a 12 month low of $0.73 and a 12 month high of $4.13. The company’s 50-day moving average is $1.23 and its two-hundred day moving average is $1.55.

Rare Element Resources (OTCMKTS:REEMF) last announced its quarterly earnings data on Monday, November 8th. The basic materials company reported ($0.01) earnings per share for the quarter.

Rare Element Resources Company Profile

Rare Element Resources Ltd. engages in the exploration and development of rare-earth element deposits and mineral properties. Its portfolio includes the Bear Lodge project. The company was founded by Mark Thomas Brown on June 3, 1999 and is headquartered in Lakewood, CO.

Further Reading: What is a SEC Filing?

Receive News & Ratings for Rare Element Resources Daily - 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.