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

Renesas Electronics Co. (OTCMKTS:RNECY) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 93,972 shares, an increase of 129.4% from the April 15th total of 40,968 shares. Based on an average daily trading volume, of 2,135,976 shares, the short-interest ratio is presently 0.0 days.

Renesas Electronics Stock Performance

Shares of RNECY traded down $0.62 during trading hours on Friday, hitting $11.66. The stock had a trading volume of 325,260 shares, compared to its average volume of 660,963. The firm has a 50 day simple moving average of $8.76 and a 200-day simple moving average of $7.85. Renesas Electronics has a 1-year low of $5.50 and a 1-year high of $12.40.

Renesas Electronics (OTCMKTS:RNECY) last issued its earnings results on Friday, April 24th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $29.82 by ($29.70). The firm had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $373.76 billion.

About Renesas Electronics

Renesas Electronics (OTCMKTS:RNECY) is a global semiconductor manufacturer specializing in microcontrollers, system-on-chip (SoC) devices, analog and power management solutions. The company’s products are designed to address a wide range of applications in automotive electronics, industrial automation, consumer devices, and communications infrastructure. Renesas leverages its expertise in embedded processing and mixed-signal technologies to deliver integrated solutions that help customers reduce development time and improve energy efficiency.

The company’s product portfolio includes 32-bit and 16-bit microcontrollers, application processors, analog and power discrete devices, and sensor interface ICs.