Short Interest in Renault (OTCMKTS:RNLSY) Decreases By 76.1%

Renault (OTCMKTS:RNLSY) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,962 shares, a decline of 76.1% from the May 31st total of 8,208 shares. Based on an average daily volume of 416,762 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Renault Stock Down 1.0%

Renault stock traded down $0.06 during midday trading on Friday, reaching $5.85. 182,866 shares of the company traded hands, compared to its average volume of 192,284. The business has a 50 day moving average of $6.60 and a two-hundred day moving average of $7.18. Renault has a 12 month low of $5.83 and a 12 month high of $9.76.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Renault from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Renault currently has a consensus rating of “Reduce”.

Renault Company Profile

Renault SA is a French multinational automobile manufacturer founded in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, France, the company designs, produces and distributes a wide range of passenger cars, light commercial vehicles and electric vehicles under the Renault, Dacia and Alpine brands. Renault also develops powertrains, including combustion engines and electric motors, and provides related services such as financing, leasing and fleet management.

Throughout its history, Renault has been at the forefront of automotive innovation, introducing mass-produced vehicles in the early 20th century and pioneering mass-market electric cars in the 2010s.