Elkem ASA (OTCMKTS:ELKEF) Sees Large Growth in Short Interest

Elkem ASA (OTCMKTS:ELKEF) was the target of a large growth in short interest in 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 daily volume of 100 shares, the short-interest ratio is presently 1,877.0 days.

Elkem ASA Stock Performance

Shares of OTCMKTS ELKEF remained flat at $1.75 during midday trading on Monday. The stock’s 50-day moving average price is $1.66 and its two-hundred day moving average price is $1.75. Elkem ASA has a 12 month low of $1.60 and a 12 month high of $2.15.

About Elkem ASA

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.