Elkem ASA (OTCMKTS:ELKEF) Sees Significant Increase in Short Interest

Elkem ASA (OTCMKTS:ELKEF) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 187,700 shares, a growth of 8.6% from the December 31st total of 172,900 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 1,877.0 days.

Elkem ASA Price Performance

Shares of Elkem ASA stock remained flat at $1.75 during trading hours on Friday. Elkem ASA has a 1 year low of $1.60 and a 1 year high of $2.15. The business’s 50-day moving average is $1.66 and its two-hundred day moving average is $1.75.

Elkem ASA Company Profile

Elkem ASA engages in the provision of advanced material solutions worldwide. It operates through three segments: Silicones, Silicon Products, and Carbon Solutions. The company offers silicones polymers, including silicone oils, compounds, emulsions, grease, and resins, as well as chlorosilanes, heat cured rubber silicone, liquid silicone rubber, and RTV-1 and RTV-2 silicones.