Short Interest in REC Silicon ASA (OTCMKTS:RNWEF) Declines By 41.7%

REC Silicon ASA (OTCMKTS:RNWEF) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 1,214,100 shares, a decline of 41.7% from the December 31st total of 2,083,300 shares. Based on an average daily volume of 16,200 shares, the days-to-cover ratio is presently 74.9 days.

REC Silicon ASA Price Performance

RNWEF remained flat at $0.12 during trading on Friday. The company’s fifty day moving average price is $0.26 and its 200-day moving average price is $0.55. REC Silicon ASA has a twelve month low of $0.11 and a twelve month high of $1.21.

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.