Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Down 75.9% in August

Renesas Electronics Co. (OTCMKTS:RNECY) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 35,431 shares, a drop of 75.9% from the July 30th total of 146,772 shares. Based on an average trading volume of 633,552 shares, the days-to-cover ratio is presently 0.1 days.

Renesas Electronics Stock Performance

RNECY stock traded up $0.14 during midday trading on Thursday, hitting $10.60. 296,958 shares of the company’s stock were exchanged, compared to its average volume of 723,583. Renesas Electronics has a one year low of $5.50 and a one year high of $16.20. The stock’s fifty day moving average price is $12.77 and its 200-day moving average price is $11.02.

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.