Rare Element Resources Ltd. (OTCMKTS:REEMF) Short Interest Down 79.9% in July

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,562 shares, a decline of 79.9% from the July 15th total of 7,768 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 224,189 shares, the days-to-cover ratio is currently 0.0 days.

Rare Element Resources Price Performance

REEMF stock traded up $0.40 during mid-day trading on Thursday, reaching $0.93. The company had a trading volume of 4,854,154 shares, compared to its average volume of 288,837. Rare Element Resources has a 52 week low of $0.37 and a 52 week high of $1.92. The company has a market capitalization of $478.07 million, a price-to-earnings ratio of -92.63 and a beta of 0.88. The stock has a 50 day simple moving average of $0.46 and a two-hundred day simple moving average of $0.62.

Rare Element Resources Company Profile

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.