Renesas Electronics Co. (OTCMKTS:RNECF) Short Interest Up 44.3% in January

Renesas Electronics Co. (OTCMKTS:RNECF) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 9,125,600 shares, an increase of 44.3% from the January 15th total of 6,324,800 shares. Based on an average trading volume of 43,200 shares, the days-to-cover ratio is presently 211.2 days.

Renesas Electronics Stock Performance

Shares of OTCMKTS RNECF remained flat at $16.41 during midday trading on Friday. The stock had a trading volume of 33,196 shares, compared to its average volume of 18,890. Renesas Electronics has a twelve month low of $10.43 and a twelve month high of $21.24. The stock’s 50-day moving average price is $13.53 and its two-hundred day moving average price is $14.14.

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.