Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Update

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totalling 74,700 shares, a growth of 219.2% from the August 15th total of 23,400 shares. Based on an average daily volume of 665,300 shares, the days-to-cover ratio is currently 0.1 days.

Renesas Electronics Stock Down 1.5 %

OTCMKTS:RNECY traded down $0.11 during mid-day trading on Thursday, hitting $7.45. 1,908,967 shares of the company’s stock were exchanged, compared to its average volume of 419,101. Renesas Electronics has a fifty-two week low of $6.41 and a fifty-two week high of $10.68. The company has a 50 day simple moving average of $8.54 and a 200-day simple moving average of $8.72.

Renesas Electronics (OTCMKTS:RNECY) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.11 EPS for the quarter. The business had revenue of $2.30 billion for the quarter.

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.