Renesas Electronics Co. (OTCMKTS:RNECF) Short Interest Down 31.8% in June

Renesas Electronics Co. (OTCMKTS:RNECF) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 1,377,900 shares, a decrease of 31.8% from the May 31st total of 2,019,900 shares. Based on an average daily trading volume, of 4,900 shares, the short-interest ratio is currently 281.2 days.

Renesas Electronics Price Performance

Shares of OTCMKTS:RNECF traded down $0.52 during trading on Friday, hitting $18.93. 161 shares of the stock were exchanged, compared to its average volume of 10,487. Renesas Electronics has a 12-month low of $13.18 and a 12-month high of $21.20. The company has a fifty day moving average price of $17.92 and a two-hundred day moving average price of $17.40.

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.