Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Grows By 3,764.8%

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 208,700 shares, an increase of 3,764.8% from the December 15th total of 5,400 shares. Based on an average trading volume of 1,585,600 shares, the short-interest ratio is currently 0.1 days.

Renesas Electronics Price Performance

Shares of OTCMKTS:RNECY traded down $0.04 during trading on Tuesday, hitting $6.24. 802,634 shares of the stock were exchanged, compared to its average volume of 595,291. The company’s fifty day simple moving average is $6.52 and its 200-day simple moving average is $7.47. 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 Thursday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $2.32 billion during the quarter.

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.