American Rare Earths Limited (OTCMKTS:ARRNF) Sees Large Decrease in Short Interest

American Rare Earths Limited (OTCMKTS:ARRNF) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 214,301 shares, a drop of 69.6% from the June 30th total of 705,189 shares. Based on an average daily volume of 1,182,334 shares, the days-to-cover ratio is currently 0.2 days.

American Rare Earths Stock Performance

OTCMKTS:ARRNF opened at $0.25 on Monday. American Rare Earths has a 12 month low of $0.20 and a 12 month high of $0.78. The company has a 50-day moving average price of $0.28.

American Rare Earths is a mineral exploration and development company focused on identifying and advancing rare earth element projects. The company’s work centers on finding and evaluating deposits that may support the supply of rare earth materials used in a range of industrial, clean energy, and technology applications.

The company is best known for its efforts to develop rare earth projects in the United States, where it has emphasized the potential of domestic supply chains for strategically important minerals.