Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Drops By 69.4%

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 66,200 shares, a decline of 69.4% from the January 31st total of 216,400 shares. Based on an average daily trading volume, of 1,847,600 shares, the days-to-cover ratio is currently 0.0 days.

Renesas Electronics Stock Down 0.7 %

RNECY stock traded down $0.06 on Friday, hitting $8.32. 617,712 shares of the company’s stock were exchanged, compared to its average volume of 738,021. Renesas Electronics has a 12-month low of $6.00 and a 12-month high of $10.68. The firm has a 50 day moving average price of $7.15 and a two-hundred day moving average price of $7.13.

Renesas Electronics (OTCMKTS:RNECY) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.12 earnings per share 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.