REC Silicon ASA (OTCMKTS:RNWEF) Short Interest Up 771.4% in March

REC Silicon ASA (OTCMKTS:RNWEF) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 6,100 shares, a growth of 771.4% from the March 15th total of 700 shares. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is currently 2.0 days.

REC Silicon ASA Stock Up 17.8 %

Shares of OTCMKTS:RNWEF traded up $0.03 during trading on Wednesday, reaching $0.17. The stock had a trading volume of 2,000 shares, compared to its average volume of 36,473. The firm’s 50-day simple moving average is $0.12 and its 200 day simple moving average is $0.32. REC Silicon ASA has a one year low of $0.10 and a one year high of $1.01.

About REC Silicon ASA

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.