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

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

Renesas Electronics Trading Down 0.7 %

Shares of RNECY stock opened at $6.66 on Wednesday. The firm’s 50 day moving average is $7.70 and its 200-day moving average is $7.07. Renesas Electronics has a 1 year low of $6.00 and a 1 year high of $10.68.

Renesas Electronics (OTCMKTS:RNECY) last posted its quarterly 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.