Short Interest in Renesas Electronics Co. (OTCMKTS:RNECF) Grows By 48.5%

Renesas Electronics Co. (OTCMKTS:RNECF) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 7,091,600 shares, a growth of 48.5% from the November 15th total of 4,774,500 shares. Based on an average trading volume of 12,800 shares, the short-interest ratio is currently 554.0 days.

Renesas Electronics Price Performance

Shares of RNECF traded up $0.24 during midday trading on Friday, reaching $13.55. 150,393 shares of the stock were exchanged, compared to its average volume of 12,075. The company’s 50 day moving average is $13.59 and its two-hundred day moving average is $15.92. Renesas Electronics has a 52 week low of $10.43 and a 52 week high of $21.24.

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.