Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Down 77.2% in December

Renesas Electronics Co. (OTCMKTS:RNECY) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 5,400 shares, a decline of 77.2% from the November 30th total of 23,700 shares. Based on an average daily volume of 1,227,100 shares, the days-to-cover ratio is currently 0.0 days.

Renesas Electronics Stock Performance

Shares of RNECY traded up $0.12 during mid-day trading on Friday, hitting $6.54. The stock had a trading volume of 527,919 shares, compared to its average volume of 490,147. Renesas Electronics has a 52 week low of $6.14 and a 52 week high of $10.68. The business has a fifty day moving average price of $6.59 and a 200-day moving average price of $7.74.

Renesas Electronics (OTCMKTS:RNECY) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.11 EPS for the quarter. The business had revenue of $2.32 billion for the quarter.

About Renesas Electronics

Renesas Electronics Corporation researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally. The company operates through Automotive Business and Industrial/Infrastructure/IoT Business segments. It offers microcontrollers (MCUs) and microprocessors; amplifiers, audio and video, data converters, power line communication, and switches and multiplexer products; and specific clocks, clock distribution and generation, jitter attenuators with frequency translation, and crystal oscillator, and VersaClock programmable clocks.