Renault (OTCMKTS:RNLSY) Sees Large Drop in Short Interest

Renault (OTCMKTS:RNLSY) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,248 shares, a drop of 98.6% from the April 30th total of 91,821 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 221,094 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Zacks Research cut shares of Renault from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Morgan Stanley lowered Renault to an “underweight” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Renault Stock Performance

Renault stock traded up $0.25 during midday trading on Wednesday, reaching $6.90. The stock had a trading volume of 108,068 shares, compared to its average volume of 114,145. Renault has a 12 month low of $6.21 and a 12 month high of $10.41. The company has a fifty day moving average price of $6.84 and a two-hundred day moving average price of $7.45.

About Renault

Renault SA is a French multinational automobile manufacturer founded in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, France, the company designs, produces and distributes a wide range of passenger cars, light commercial vehicles and electric vehicles under the Renault, Dacia and Alpine brands. Renault also develops powertrains, including combustion engines and electric motors, and provides related services such as financing, leasing and fleet management.

Throughout its history, Renault has been at the forefront of automotive innovation, introducing mass-produced vehicles in the early 20th century and pioneering mass-market electric cars in the 2010s.