Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Increases By 665.8%

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 271,337 shares, an increase of 665.8% from the August 15th total of 35,431 shares. Based on an average daily volume of 942,683 shares, the short-interest ratio is presently 0.3 days.

Renesas Electronics Price Performance

Shares of OTCMKTS RNECY opened at $10.38 on Friday. The company’s fifty day moving average price is $11.80 and its 200 day moving average price is $11.08. 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.