REC Silicon ASA (OTCMKTS:RNWEF) Sees Significant Drop in Short Interest

REC Silicon ASA (OTCMKTS:RNWEF) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 16,700 shares, a drop of 89.6% from the January 31st total of 160,000 shares. Based on an average trading volume of 900 shares, the short-interest ratio is currently 18.6 days.

REC Silicon ASA Stock Performance

Shares of OTCMKTS:RNWEF remained flat at $0.12 during mid-day trading on Friday. REC Silicon ASA has a fifty-two week low of $0.10 and a fifty-two week high of $1.13. The firm’s 50-day simple moving average is $0.15 and its two-hundred day simple moving average is $0.46.

REC Silicon ASA Company Profile

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.