Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Rises By 267.2%

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 172,600 shares, an increase of 267.2% from the March 15th total of 47,000 shares. Based on an average daily volume of 831,300 shares, the short-interest ratio is currently 0.2 days.

Renesas Electronics Stock Down 6.5 %

Shares of RNECY traded down $0.59 during midday trading on Friday, reaching $8.47. 463,216 shares of the stock were exchanged, compared to its average volume of 304,063. The firm has a 50 day simple moving average of $8.60 and a 200-day simple moving average of $8.25. Renesas Electronics has a 12-month low of $6.28 and a 12-month high of $10.25.

Renesas Electronics (OTCMKTS:RNECY) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share for the quarter. The company had revenue of $2.45 billion during the quarter.

Renesas Electronics Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, April 11th were issued a dividend of $0.0923 per share. The ex-dividend date of this dividend was Tuesday, April 9th.

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.