Short Interest in Renesas Electronics Co. (OTCMKTS:RNECF) Increases By 28.1%

Renesas Electronics Co. (OTCMKTS:RNECF) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 11,710,200 shares, a growth of 28.1% from the February 13th total of 9,143,000 shares. Based on an average trading volume of 4,200 shares, the short-interest ratio is presently 2,788.1 days.

Renesas Electronics Stock Up 10.5 %

RNECF stock traded up $1.53 during mid-day trading on Monday, reaching $16.14. 222 shares of the stock traded hands, compared to its average volume of 14,298. The business has a 50-day moving average of $14.86 and a two-hundred day moving average of $14.20. 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.