Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Drops By 72.2%

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 23,700 shares, a decrease of 72.2% from the November 15th total of 85,100 shares. Based on an average daily volume of 1,241,100 shares, the days-to-cover ratio is currently 0.0 days.

Renesas Electronics Price Performance

Renesas Electronics stock traded up $0.10 during midday trading on Wednesday, hitting $6.75. 382,279 shares of the stock were exchanged, compared to its average volume of 475,047. The stock’s 50-day simple moving average is $6.76 and its 200 day simple moving average is $7.97. Renesas Electronics has a fifty-two week low of $6.19 and a fifty-two week high of $10.68.

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

Renesas Electronics Company Profile

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.