American Rare Earths Limited (OTCMKTS:ARRNF) Short Interest Down 33.1% in May

American Rare Earths Limited (OTCMKTS:ARRNF) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,281,641 shares, a decline of 33.1% from the May 14th total of 1,914,859 shares. Based on an average daily volume of 3,303,378 shares, the days-to-cover ratio is currently 0.4 days.

American Rare Earths Stock Up 1.2%

Shares of American Rare Earths stock opened at $0.27 on Tuesday. American Rare Earths has a one year low of $0.14 and a one year 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.