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

REC Silicon ASA (OTCMKTS:RNWEF) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 700 shares, an increase of 75.0% from the February 28th total of 400 shares. Based on an average trading volume of 2,000 shares, the short-interest ratio is currently 0.4 days.

REC Silicon ASA Stock Performance

RNWEF stock remained flat at $0.11 during midday trading on Friday. The business’s 50 day moving average price is $0.11 and its 200-day moving average price is $0.39. REC Silicon ASA has a 1-year low of $0.10 and a 1-year 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.