Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Rises By 23.7%

Renesas Electronics Co. (OTCMKTS:RNECY) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 34,500 shares, a growth of 23.7% from the February 28th total of 27,900 shares. Based on an average trading volume of 748,600 shares, the short-interest ratio is presently 0.0 days.

Renesas Electronics Price Performance

Renesas Electronics stock traded down $0.48 during midday trading on Tuesday, hitting $6.71. The company’s stock had a trading volume of 978,857 shares, compared to its average volume of 617,224. The company has a 50-day moving average price of $7.70 and a two-hundred day moving average price of $7.08. Renesas Electronics has a 1-year low of $6.00 and a 1-year high of $10.68.

Renesas Electronics (OTCMKTS:RNECY) last announced 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.