Rare Element Resources Ltd. (OTCMKTS:REEMF) Short Interest Update

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the target of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 103,600 shares, an increase of 52.6% from the May 15th total of 67,900 shares. Based on an average daily volume of 273,700 shares, the days-to-cover ratio is currently 0.4 days.

Rare Element Resources Stock Performance

REEMF remained flat at $0.30 on Friday. The company had a trading volume of 102,393 shares, compared to its average volume of 140,927. Rare Element Resources has a 52 week low of $0.13 and a 52 week high of $0.99. The firm has a 50 day simple moving average of $0.23 and a 200 day simple moving average of $0.23.

Rare Element Resources (OTCMKTS:REEMF) last posted its earnings results on Wednesday, May 8th. 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.