Rare Element Resources Ltd. (OTCMKTS:REEMF) Short Interest Down 22.8% in February

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 1,333,850 shares, a decrease of 22.8% from the January 29th total of 1,727,926 shares. Based on an average daily volume of 686,693 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 686,693 shares, the days-to-cover ratio is currently 1.9 days.

Rare Element Resources Price Performance

Shares of OTCMKTS REEMF opened at $0.56 on Wednesday. Rare Element Resources has a 1 year low of $0.49 and a 1 year high of $1.92. The stock has a market capitalization of $288.87 million, a P/E ratio of -55.97 and a beta of 0.97. The company’s 50-day moving average is $0.78 and its 200 day moving average is $0.94.

About Rare Element Resources

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.