All right, next one here is going to be Elmt. This is the Elnet Group. Uh the stock is up 43% here. Closed at 16 bucks last week. is 23 here in the pre-market. We do have some news on this one.
The Department of Moore makes a landmark $450 million commitment investment here. Some more stats on that. They're going to expand the tungsten manufacturing and they're going to invest more than 165 million across Maine, Michigan, and Ohio with federal backing here.
The Springer Tungsten complex in Nevada, it's what it's called. So that's what your news is here. stock is popping on this. Quick peek at the short interest on this name. I do have 11.14% of the float shorter with 3.34 days to cover.
So while that's not high on either of our metrics, it's absolutely still elevated. Float on this thing is 12.11 million and on average it trades under a half million shares, done three plus million here today. 13 Elmt, what do you think?