Short Interest in Rare Element Resources Ltd. (OTCMKTS:REEMF) Grows By 17.7%

Rare Element Resources Ltd. (OTCMKTS:REEMF - Get Free Report) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 59,200 shares, a growth of 17.7% from the January 15th total of 50,300 shares. Based on an average daily volume of 790,000 shares, the days-to-cover ratio is currently 0.1 days.

Rare Element Resources Stock Performance

OTCMKTS:REEMF traded down $0.03 during trading on Thursday, reaching $0.73. The company's stock had a trading volume of 108,026 shares, compared to its average volume of 551,658. The firm has a market cap of $376.76 million, a price-to-earnings ratio of -24.33 and a beta of 1.28. The firm has a 50 day moving average of $0.54 and a 200-day moving average of $0.41. Rare Element Resources has a 12 month low of $0.13 and a 12 month 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.