Elkem ASA (OTCMKTS:ELKEF) Short Interest Down 45.0% in January

Elkem ASA (OTCMKTS:ELKEF) saw a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 700,272 shares, a decline of 45.0% from the January 15th total of 1,273,983 shares. Based on an average daily volume of 50 shares, the days-to-cover ratio is presently 14,005.4 days. Based on an average daily volume of 50 shares, the days-to-cover ratio is presently 14,005.4 days.

Elkem ASA Price Performance

Shares of Elkem ASA stock remained flat at $3.10 during trading on Friday. The stock has a 50 day moving average of $2.71 and a two-hundred day moving average of $2.56. Elkem ASA has a 52-week low of $2.85 and a 52-week high of $3.10.

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.