Elkem ASA (OTCMKTS:ELKEF) Short Interest Up 204.2% in February

Elkem ASA (OTCMKTS:ELKEF) was the recipient of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 526,300 shares, an increase of 204.2% from the January 31st total of 173,000 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 5,263.0 days.

Elkem ASA Price Performance

Shares of OTCMKTS:ELKEF remained flat at $2.06 during midday trading on Friday. The stock’s 50-day simple moving average is $1.77 and its 200-day simple moving average is $1.74. Elkem ASA has a 52 week low of $1.65 and a 52 week high of $2.30.

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.