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

REC Silicon ASA (OTCMKTS:RNWEF) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 2,790,700 shares, a growth of 17.1% from the September 30th total of 2,382,800 shares. Based on an average daily trading volume, of 1,400 shares, the short-interest ratio is presently 1,993.4 days.

REC Silicon ASA Stock Performance

RNWEF remained flat at $0.76 during trading on Wednesday. 3,000 shares of the company’s stock traded hands, compared to its average volume of 3,192. REC Silicon ASA has a 1 year low of $0.54 and a 1 year high of $1.39. The firm’s fifty day moving average price is $0.77 and its 200 day moving average price is $0.80.

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.