Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Down 58.6% in January

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 197,459 shares, a decrease of 58.6% from the January 15th total of 476,762 shares. Based on an average daily volume of 1,258,684 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,258,684 shares, the days-to-cover ratio is currently 0.2 days.

Renesas Electronics Price Performance

Shares of OTCMKTS:RNECY opened at $9.75 on Friday. The business has a 50-day simple moving average of $7.63 and a two-hundred day simple moving average of $6.57. Renesas Electronics has a fifty-two week low of $4.62 and a fifty-two week high of $10.10.

Renesas Electronics Company Profile

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.