Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Rises By 23.7%

Renesas Electronics Co. (OTCMKTS:RNECY) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 34,500 shares, an increase of 23.7% from the February 28th total of 27,900 shares. Based on an average daily trading volume, of 748,600 shares, the short-interest ratio is currently 0.0 days.

Renesas Electronics Stock Performance

Shares of RNECY opened at $6.66 on Wednesday. The stock’s 50-day moving average price is $7.70 and its 200 day moving average price is $7.07. Renesas Electronics has a 12-month low of $6.00 and a 12-month high of $10.68.

Renesas Electronics (OTCMKTS:RNECY) last issued its earnings results on Wednesday, February 5th. The company reported $0.12 EPS for the quarter.

Renesas Electronics Company Profile

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.