American Rare Earths Limited (OTCMKTS:ARRNF) Sees Significant Growth in Short Interest

American Rare Earths Limited (OTCMKTS:ARRNF) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 705,189 shares, a growth of 133.6% from the June 15th total of 301,940 shares. Based on an average trading volume of 1,835,851 shares, the days-to-cover ratio is currently 0.4 days.

American Rare Earths Trading Up 2.1%

Shares of ARRNF stock opened at $0.27 on Wednesday. The company has a 50 day moving average of $0.28. American Rare Earths has a twelve month low of $0.14 and a twelve month high of $0.78.

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.