Rainbow Rare Earths Limited (OTCMKTS:RBWRF) Sees Large Increase in Short Interest

Rainbow Rare Earths Limited (OTCMKTS:RBWRF) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 413,452 shares, a growth of ∞ from the April 15th total of 0 shares. Based on an average daily volume of 38,408 shares, the days-to-cover ratio is currently 10.8 days.

Rainbow Rare Earths Trading Up 31.6%

Shares of RBWRF opened at $0.50 on Friday. Rainbow Rare Earths has a one year low of $0.14 and a one year high of $0.95. The stock has a 50 day moving average price of $0.35 and a 200 day moving average price of $0.28.

Rainbow Rare Earths Company Profile

Rainbow Rare Earths (OTCMKTS:RBWRF) is a mineral exploration and development company focused on rare earth element deposits in East Africa. Headquartered in London, the company is engaged in the acquisition, exploration, development and mining of rare earth projects that serve global technology and manufacturing markets. By targeting light and heavy rare earth elements—critical inputs in electric vehicles, wind turbines, and other high-growth sectors—Rainbow aims to become a stable, long-term supplier of strategically important minerals.

The company’s flagship asset is the Gakara Rare Earth Project in southwestern Burundi, which hosts one of the world’s highest-grade rare earth deposits.