REC Silicon ASA (OTCMKTS:RNWEF) Sees Large Drop in Short Interest

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

REC Silicon ASA Stock Performance

Shares of RNWEF opened at $0.10 on Thursday. The company has a 50-day moving average of $0.12 and a two-hundred day moving average of $0.43. REC Silicon ASA has a 12-month low of $0.10 and a 12-month high of $1.13.

About REC Silicon ASA

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.