Short Interest in Rare Element Resources Ltd. (OTCMKTS:REEMF) Declines By 65.7%

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 8,500 shares, a drop of 65.7% from the December 31st total of 24,800 shares. Based on an average daily volume of 216,200 shares, the days-to-cover ratio is presently 0.0 days.

Rare Element Resources Stock Up 1.7 %

Shares of REEMF traded up $0.01 during trading hours on Tuesday, hitting $0.52. 123,633 shares of the stock were exchanged, compared to its average volume of 153,861. The stock’s 50-day moving average price is $0.40 and its two-hundred day moving average price is $0.35. Rare Element Resources has a 12-month low of $0.13 and a 12-month high of $0.53.

Rare Element Resources (OTCMKTS:REEMF) last released its earnings results on Wednesday, November 6th. The basic materials company reported ($0.01) earnings per share for the quarter.

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.