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

Renesas Electronics Co. (OTCMKTS:RNECY) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 66,200 shares, a decrease of 69.4% from the January 31st total of 216,400 shares. Based on an average daily volume of 1,847,600 shares, the days-to-cover ratio is currently 0.0 days.

Renesas Electronics Price Performance

Shares of OTCMKTS RNECY traded down $0.13 during trading hours on Friday, reaching $8.38. 386,537 shares of the stock were exchanged, compared to its average volume of 741,188. The stock’s fifty day simple moving average is $7.11 and its 200 day simple moving average is $7.13. Renesas Electronics has a 52 week low of $6.00 and a 52 week high of $10.68.

Renesas Electronics (OTCMKTS:RNECY) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.12 earnings per share 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.