American Rare Earths Limited (OTCMKTS:ARRNF) Sees Large Decrease in Short Interest

American Rare Earths Limited (OTCMKTS:ARRNF) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 214,301 shares, a drop of 69.6% from the June 30th total of 705,189 shares. Based on an average trading volume of 1,182,334 shares, the short-interest ratio is presently 0.2 days.

American Rare Earths Stock Performance

Shares of American Rare Earths stock opened at $0.25 on Tuesday. The firm has a fifty day simple moving average of $0.27. American Rare Earths has a 52 week low of $0.20 and a 52 week 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.