Elkem ASA (OTCMKTS:ELKEF) Short Interest Down 18.0% in April

Elkem ASA (OTCMKTS:ELKEF) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totaling 595,610 shares, a decline of 18.0% from the March 31st total of 726,106 shares. Based on an average daily volume of 1,200 shares, the days-to-cover ratio is currently 496.3 days.

Elkem ASA Price Performance

Elkem ASA stock remained flat at $3.09 during trading hours on Thursday. Elkem ASA has a 52-week low of $2.85 and a 52-week high of $3.10. The stock’s fifty day moving average is $3.10 and its 200-day moving average is $2.83.

About Elkem ASA

Elkem ASA is a Norway‐based company specializing in the production and development of advanced materials derived primarily from silicon, carbon, and microsilica. The company supplies a wide range of industries, including automotive, electronics, construction, energy, and environmental applications. Its product portfolio is designed to enhance material performance, energy efficiency, and sustainability across diverse end markets.

Key products and services offered by Elkem include silicones, which serve sectors such as personal care, automotive seals, and electronics encapsulation; silicon alloys such as ferrosilicon and silicon metal used in aluminum and steel production; and microsilica, a highly reactive silica fume used to improve concrete strength and durability.