Rare Element Resources Ltd. (OTCMKTS:REEMF) Short Interest Down 75.3% in February

Rare Element Resources Ltd. (OTCMKTS:REEMF) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 14,600 shares, a decline of 75.3% from the January 31st total of 59,200 shares. Based on an average daily volume of 2,324,500 shares, the short-interest ratio is currently 0.0 days.

Rare Element Resources Stock Down 8.9 %

Shares of REEMF opened at $0.62 on Friday. The firm has a 50-day moving average price of $0.57 and a 200 day moving average price of $0.43. The firm has a market capitalization of $320.51 million, a PE ratio of -20.70 and a beta of 1.28. Rare Element Resources has a 52-week low of $0.13 and a 52-week high of $1.15.

About Rare Element Resources

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.