Renault (OTCMKTS:RNLSY) Sees Large Increase in Short Interest

Renault (OTCMKTS:RNLSY) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 43,260 shares, an increase of 32.3% from the November 30th total of 32,705 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 106,524 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 106,524 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Renault Trading Down 1.3%

Shares of Renault stock opened at $8.25 on Tuesday. Renault has a one year low of $7.15 and a one year high of $11.20. The business’s 50 day moving average price is $8.14 and its 200 day moving average price is $8.18.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Zacks Research upgraded Renault from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. The Goldman Sachs Group started coverage on shares of Renault in a report on Sunday, November 23rd. They set a “hold” rating for the company. Finally, UBS Group cut shares of Renault from a “hold” rating to a “sell” rating in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

About Renault

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.