Short Interest in Renesas Electronics Co. (OTCMKTS:RNECF) Declines By 25.3%

Renesas Electronics Co. (OTCMKTS:RNECF) was the recipient of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 2,019,900 shares, a decrease of 25.3% from the May 15th total of 2,703,500 shares. Based on an average daily volume of 14,800 shares, the short-interest ratio is currently 136.5 days.

Renesas Electronics Stock Up 1.5 %

Shares of RNECF traded up $0.30 during mid-day trading on Friday, hitting $19.90. 7,342 shares of the company were exchanged, compared to its average volume of 10,987. Renesas Electronics has a 1-year low of $13.18 and a 1-year high of $21.20. The company has a 50 day moving average of $17.53 and a 200-day moving average of $17.23.

Renesas Electronics Company Profile

Renesas Electronics Corporation researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally. The company operates through Automotive Business and Industrial/Infrastructure/IoT Business segments. It offers microcontrollers (MCUs) and microprocessors; amplifiers, audio and video, data converters, power line communication, and switches and multiplexer products; and specific clocks, clock distribution and generation, jitter attenuators with frequency translation, and crystal oscillator, and VersaClock programmable clocks.