Short Interest in REC Silicon ASA (OTCMKTS:RNWEF) Declines By 71.3%

REC Silicon ASA (OTCMKTS:RNWEF) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 34,700 shares, a drop of 71.3% from the August 15th total of 120,700 shares. Based on an average daily volume of 3,100 shares, the short-interest ratio is presently 11.2 days.

Shares of RNWEF opened at $1.89 on Wednesday. REC Silicon ASA has a 1 year low of $0.43 and a 1 year high of $2.85. The stock’s fifty day moving average price is $1.82 and its two-hundred day moving average price is $1.99.

REC Silicon ASA Company Profile

REC Silicon ASA is a holding company, which engages in the manufacture and trade of silicon materials. Its products include solar grade poly silicon, electronic grade poly silicon, and silicon gases. The firm operates through the following segments: Solar Materials and Semiconductor Materials. The company was founded on December 3, 1996 and is headquartered in Baerum, Norway.

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