Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Drops By 39.7%

Renesas Electronics Co. (OTCMKTS:RNECYGet Free Report) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 200,200 shares, a decrease of 39.7% from the June 15th total of 332,100 shares. Based on an average trading volume of 353,400 shares, the days-to-cover ratio is currently 0.6 days.

Renesas Electronics Trading Up 0.5 %

Renesas Electronics stock traded up $0.05 during midday trading on Friday, reaching $10.29. The stock had a trading volume of 157,872 shares, compared to its average volume of 338,707. The firm’s fifty day simple moving average is $9.32 and its two-hundred day simple moving average is $8.78. Renesas Electronics has a twelve month low of $6.41 and a twelve month high of $10.68.

Renesas Electronics (OTCMKTS:RNECYGet Free Report) last issued its earnings results on Wednesday, April 24th. The company reported $0.15 EPS for the quarter. The business had revenue of $2.37 billion during the quarter.

About Renesas Electronics

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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.

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