Short Interest in REC Silicon ASA (OTCMKTS:RNWEF) Declines By 26.0%

REC Silicon ASA (OTCMKTS:RNWEFGet Rating) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 375,600 shares, a decrease of 26.0% from the March 31st total of 507,600 shares. Based on an average trading volume of 3,600 shares, the days-to-cover ratio is currently 104.3 days.

RNWEF opened at $1.75 on Monday. The stock has a 50-day moving average of $1.71 and a 200-day moving average of $1.82. REC Silicon ASA has a 52-week low of $1.43 and a 52-week high of $2.48.

About REC Silicon ASA (Get Rating)

REC Silicon ASA, together with its subsidiaries, produces and sells silicon materials for the solar and electronics industries worldwide. It offers various solar grade polysilicon for solar applications, including granular polysilicon, Siemens rod sections, chunks, chips, and fines. The company also provides electronic grade polysilicon comprising TearDrop, as-grown Siemens rods, rod sections, chunks, and chips for use in Czochralski monocrystalline ingot/wafer manufacturing for the semiconductor industry, as well as other electronic market segments, such as optics and microelectromechanical systems; and float zone polysilicon.

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