REC Silicon ASA (OTCMKTS:RNWEF) Sees Significant Decrease in Short Interest

REC Silicon ASA (OTCMKTS:RNWEF) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 1,214,100 shares, a decline of 41.7% from the December 31st total of 2,083,300 shares. Based on an average trading volume of 16,200 shares, the days-to-cover ratio is presently 74.9 days.

REC Silicon ASA Price Performance

Shares of RNWEF stock remained flat at $0.12 during trading on Friday. REC Silicon ASA has a 52 week low of $0.11 and a 52 week high of $1.21. The firm has a 50 day simple moving average of $0.26 and a two-hundred day simple moving average of $0.55.

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.