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

Renesas Electronics Co. (OTCMKTS:RNECY) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 208,700 shares, a growth of 3,764.8% from the December 31st total of 5,400 shares. Based on an average daily volume of 1,585,600 shares, the days-to-cover ratio is currently 0.1 days.

Renesas Electronics Stock Up 0.6 %

Shares of RNECY stock opened at $6.69 on Wednesday. The company has a 50 day moving average price of $6.53 and a 200 day moving average price of $7.21. Renesas Electronics has a one year low of $6.00 and a one year high of $10.68.

Renesas Electronics (OTCMKTS:RNECY) last issued its earnings results on Thursday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $2.32 billion for the quarter.

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.