Short Interest in Rare Element Resources Ltd. (OTCMKTS:REEMF) Declines By 40.9%

Rare Element Resources Ltd. (OTCMKTS:REEMF) saw a significant drop in short interest in September. As of September 15th, there was short interest totalling 5,200 shares, a drop of 40.9% from the August 31st total of 8,800 shares. Based on an average trading volume of 106,300 shares, the days-to-cover ratio is currently 0.0 days.

Rare Element Resources Trading Up 27.9 %

Shares of REEMF traded up $0.07 during mid-day trading on Friday, reaching $0.34. 1,313,819 shares of the stock traded hands, compared to its average volume of 74,376. The stock has a fifty day simple moving average of $0.26 and a 200 day simple moving average of $0.24. Rare Element Resources has a 12-month low of $0.13 and a 12-month high of $0.55.

Rare Element Resources (OTCMKTS:REEMF) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter.

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.