Elkem ASA (OTCMKTS:ELKEF) Sees Significant Decrease in Short Interest

Elkem ASA (OTCMKTS:ELKEF) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 149,500 shares, a decrease of 22.7% from the June 30th total of 193,300 shares. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is currently 71.2 days.

Elkem ASA Price Performance

Shares of OTCMKTS:ELKEF remained flat at $2.00 during midday trading on Tuesday. The business has a 50-day simple moving average of $2.01 and a two-hundred day simple moving average of $1.96. Elkem ASA has a 1 year low of $1.60 and a 1 year high of $2.15.

Elkem ASA Company Profile

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.