Rare Element Resources Ltd. (OTCMKTS:REEMF) Sees Large Increase in Short Interest

Key Points

• Rare Element Resources Ltd. saw a significant increase in short interest, rising by 244.0% in August, totaling 8,600 shares by August 31st.
• The company's stock price recently traded at $0.88 with a market cap of approximately $456.66 million and a price-to-earnings ratio of -44.24.
• Rare Element Resources focuses on the exploration of mineral properties in the U.S. and Canada, holding a 100% interest in the Bear Lodge property and the Sundance Gold project.

Rare Element Resources Ltd. (OTCMKTS:REEMF - ) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 8,600 shares, a growth of 244.0% from the August 15th total of 2,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 726,600 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 726,600 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Rare Element Resources Price Performance

Shares of REEMF stock traded up $0.07 on Friday, hitting $0.88. 338,294 shares of the stock traded hands, compared to its average volume of 412,165. The firm has a market cap of $456.66 million, a price-to-earnings ratio of -44.24 and a beta of 1.12. The firm has a 50 day simple moving average of $1.03 and a two-hundred day simple moving average of $0.86. Rare Element Resources has a 52 week low of $0.26 and a 52 week high of $1.30.

Rare Element Resources Company Profile

Rare Element Resources Ltd. engages in the exploration of mineral properties in the United States and Canada. It holds 100% interest in the Bear Lodge property that comprises the Bear Lodge REE project; and the Sundance Gold project located in Crook County, northeast Wyoming. Rare Element Resources Ltd.

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