Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Rises By 3,764.8%

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 208,700 shares, a growth of 3,764.8% from the December 15th 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 Down 4.8 %

Renesas Electronics stock traded down $0.32 during midday trading on Monday, hitting $6.28. 546,359 shares of the company’s stock were exchanged, compared to its average volume of 560,743. 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 of $6.53 and a two-hundred day moving average of $7.49.

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