Renesas Electronics Co. (OTCMKTS:RNECY) Sees Large Drop in Short Interest

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

Renesas Electronics Stock Performance

Shares of OTCMKTS RNECY traded down $0.06 during mid-day trading on Friday, reaching $8.32. 617,712 shares of the company were exchanged, compared to its average volume of 738,021. The company’s 50-day simple moving average is $7.15 and its 200-day simple moving average is $7.13. Renesas Electronics has a twelve month low of $6.00 and a twelve month high of $10.68.

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