Rare Element Resources Ltd. (OTCMKTS:REEMF) Short Interest Update

Rare Element Resources Ltd. (OTCMKTS:REEMF) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 227,800 shares, a drop of 39.7% from the March 15th total of 377,600 shares. Based on an average trading volume of 518,000 shares, the short-interest ratio is presently 0.4 days.

Rare Element Resources Trading Up 4.2 %

REEMF stock traded up $0.01 during trading on Friday, hitting $0.20. 64,071 shares of the stock traded hands, compared to its average volume of 196,500. Rare Element Resources has a one year low of $0.13 and a one year high of $0.99. The company has a 50 day simple moving average of $0.19 and a 200 day simple moving average of $0.30.

About Rare Element Resources

Rare Element Resources Ltd. engages in the exploration of mineral properties in the United States. It holds a 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. is headquartered in Littleton, Colorado.