Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Down 44.2% in March

Renesas Electronics Co. (OTCMKTS:RNECY) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 153,403 shares, a drop of 44.2% from the February 26th total of 274,804 shares. Based on an average daily volume of 1,025,761 shares, the short-interest ratio is currently 0.1 days.

Renesas Electronics Price Performance

OTCMKTS:RNECY opened at $7.01 on Friday. The stock’s 50 day simple moving average is $8.48 and its 200-day simple moving average is $7.10. Renesas Electronics has a 12-month low of $4.62 and a 12-month 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.