Short Interest in Elkem ASA (OTCMKTS:ELKEF) Declines By 30.3%

Elkem ASA (OTCMKTS:ELKEF) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 172,700 shares, a drop of 30.3% from the October 15th total of 247,700 shares. Based on an average trading volume of 200 shares, the short-interest ratio is currently 863.5 days.

Elkem ASA Stock Performance

OTCMKTS:ELKEF remained flat at $1.65 during trading hours on Friday. The firm has a 50 day moving average of $1.67 and a two-hundred day moving average of $1.89. Elkem ASA has a 1-year low of $1.60 and a 1-year high of $2.15.

About Elkem ASA

Elkem ASA engages in the provision of advanced material solutions worldwide. It operates through three segments: Silicones, Silicon Products, and Carbon Solutions. The company offers silicones polymers, including silicone oils, compounds, emulsions, grease, and resins, as well as chlorosilanes, heat cured rubber silicone, liquid silicone rubber, and RTV-1 and RTV-2 silicones.