Short Interest in Elkem ASA (OTCMKTS:ELKEF) Drops By 14.7%

Elkem ASA (OTCMKTS:ELKEF) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 1,273,983 shares, a drop of 14.7% from the December 31st total of 1,492,732 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Elkem ASA Price Performance

Shares of OTCMKTS ELKEF opened at $3.10 on Wednesday. Elkem ASA has a fifty-two week low of $2.85 and a fifty-two week high of $3.10. The business has a 50-day simple moving average of $2.64 and a two-hundred day simple moving average of $2.53.

Elkem ASA Company Profile

Elkem ASA is a Norway‐based company specializing in the production and development of advanced materials derived primarily from silicon, carbon, and microsilica. The company supplies a wide range of industries, including automotive, electronics, construction, energy, and environmental applications. Its product portfolio is designed to enhance material performance, energy efficiency, and sustainability across diverse end markets.

Key products and services offered by Elkem include silicones, which serve sectors such as personal care, automotive seals, and electronics encapsulation; silicon alloys such as ferrosilicon and silicon metal used in aluminum and steel production; and microsilica, a highly reactive silica fume used to improve concrete strength and durability.