REC Silicon ASA (OTCMKTS:RNWEF – Get Rating) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 198,500 shares, a growth of 154.5% from the August 15th total of 78,000 shares. Based on an average daily volume of 8,900 shares, the days-to-cover ratio is presently 22.3 days.

REC Silicon ASA Price Performance

Shares of OTCMKTS RNWEF traded down $0.27 during mid-day trading on Tuesday, reaching $1.95. The company had a trading volume of 4,881 shares, compared to its average volume of 4,486. The stock has a fifty day moving average of $1.97 and a two-hundred day moving average of $1.85. REC Silicon ASA has a 12-month low of $1.43 and a 12-month high of $2.60.

REC Silicon ASA (OTCMKTS:RNWEF – Get Rating) last posted its quarterly earnings results on Wednesday, August 17th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $45.00 million for the quarter.

REC Silicon ASA Company Profile

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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