Renault (OTCMKTS:RNLSY) Sees Significant Growth in Short Interest

Renault (OTCMKTS:RNLSY) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 270,891 shares, a growth of 70.6% from the September 30th total of 158,752 shares. Based on an average daily trading volume, of 521,190 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s stock are short sold.

Renault Price Performance

OTCMKTS RNLSY opened at $6.14 on Tuesday. Renault has a 12 month low of $5.49 and a 12 month high of $8.79. The stock has a 50 day moving average of $6.20 and a 200-day moving average of $6.59.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded Renault from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Renault has an average rating of “Reduce”.

About Renault

Renault is a French automotive company that designs, manufactures and sells passenger cars, light commercial vehicles and related mobility services. Its principal brands include Renault, Dacia and Alpine, while the company also develops electric vehicles and software-enabled automotive technologies through its Ampere business.

Founded in 1898 by Louis, Marcel and Fernand Renault, the company has played a significant role in the development of France’s automobile industry. Renault has produced vehicles ranging from mass-market passenger cars and commercial vans to performance-oriented Alpine models.