Renault (OTCMKTS:RNLSY) Shares Shorted: Short Interest Down 52.0% in October

Renault (OTCMKTS:RNLSY) was the recipient of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 130,160 shares, a drop of 52.0% from the October 15th total of 270,891 shares. Based on an average daily volume of 496,427 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

RNLSY has been the topic of a number of analyst reports. Zacks Research lowered shares of Renault from a “hold” rating to a “strong sell” rating in a research note on Monday, November 2nd. Jefferies Financial Group raised shares of Renault from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 9th. Finally, Barclays downgraded shares of Renault from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Renault Stock Up 1.0%

Shares of Renault stock traded up $0.06 on Friday, hitting $6.22. 88,218 shares of the company’s stock traded hands, compared to its average volume of 197,542. The company has a fifty day moving average of $6.15 and a two-hundred day moving average of $6.54. Renault has a one year low of $5.49 and a one year high of $8.79.

About Renault

Renault Group is a French automotive company that designs, manufactures and sells passenger cars and light commercial vehicles. Its brands include Renault, Dacia and Alpine, and the group also provides mobility and automotive financing services. Founded in 1899 by Louis Renault and his brothers Marcel and Fernand, the company grew from a French vehicle manufacturer into an international automotive group. It serves customers in Europe and other markets worldwide and has worked with Nissan and Mitsubishi through the Renault-Nissan-Mitsubishi alliance.