Renesas Electronics Co. (OTCMKTS:RNECY) Sees Large Growth in Short Interest

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 29,100 shares, an increase of 102.1% from the August 31st total of 14,400 shares. Based on an average trading volume of 1,217,900 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 1,217,900 shares, the days-to-cover ratio is presently 0.0 days.

Renesas Electronics Stock Performance

Shares of OTCMKTS RNECY opened at $5.94 on Monday. The stock’s fifty day moving average is $5.96 and its 200 day moving average is $6.15. Renesas Electronics has a 52 week low of $4.62 and a 52 week high of $9.27.

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.