Renesas Electronics Co. (OTCMKTS:RNECY) Sees Significant Decline in Short Interest

Renesas Electronics Co. (OTCMKTS:RNECY) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 200,200 shares, a decrease of 39.7% from the June 15th total of 332,100 shares. Based on an average trading volume of 353,400 shares, the days-to-cover ratio is currently 0.6 days.

Renesas Electronics Stock Performance

Renesas Electronics stock traded up $0.05 during mid-day trading on Friday, hitting $10.29. The company’s stock had a trading volume of 157,872 shares, compared to its average volume of 338,707. Renesas Electronics has a one year low of $6.41 and a one year high of $10.68. The company has a 50 day moving average of $9.32 and a 200-day moving average of $8.79.

Renesas Electronics (OTCMKTS:RNECY) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $2.37 billion for the quarter.

About Renesas Electronics

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.