Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Expands By 149.3%

Renesas Electronics Co. (OTCMKTS:RNECY) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 146,772 shares, a growth of 149.3% from the July 15th total of 58,866 shares. Based on an average daily trading volume, of 1,368,478 shares, the days-to-cover ratio is presently 0.1 days.

Renesas Electronics Stock Down 1.6%

OTCMKTS RNECY opened at $11.83 on Friday. The firm’s fifty day simple moving average is $13.24 and its 200-day simple moving average is $10.85. Renesas Electronics has a 1-year low of $5.50 and a 1-year high of $16.20.

About Renesas Electronics

Renesas Electronics (OTCMKTS:RNECY) is a global semiconductor manufacturer specializing in microcontrollers, system-on-chip (SoC) devices, analog and power management solutions. The company’s products are designed to address a wide range of applications in automotive electronics, industrial automation, consumer devices, and communications infrastructure. Renesas leverages its expertise in embedded processing and mixed-signal technologies to deliver integrated solutions that help customers reduce development time and improve energy efficiency.

The company’s product portfolio includes 32-bit and 16-bit microcontrollers, application processors, analog and power discrete devices, and sensor interface ICs.