Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Expands By 270.9%

Renesas Electronics Co. (OTCMKTS:RNECY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 627,698 shares, an increase of 270.9% from the December 15th total of 169,248 shares. Based on an average daily trading volume, of 740,779 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 740,779 shares, the short-interest ratio is presently 0.8 days.

Renesas Electronics Stock Down 1.6%

Shares of RNECY stock opened at $7.48 on Thursday. The stock’s fifty day simple moving average is $6.57 and its 200 day simple moving average is $6.26. Renesas Electronics has a one year low of $4.62 and a one year high of $9.27.

Renesas Electronics Company Profile

Renesas Electronics (OTCMKTS:RNECY) is a global semiconductor manufacturer specializing in microcontrollers, system-on-chip (SoC) devices, analog and power management solutions. The company’s products are designed to address a wide range of applications in automotive electronics, industrial automation, consumer devices, and communications infrastructure. Renesas leverages its expertise in embedded processing and mixed-signal technologies to deliver integrated solutions that help customers reduce development time and improve energy efficiency.

The company’s product portfolio includes 32-bit and 16-bit microcontrollers, application processors, analog and power discrete devices, and sensor interface ICs.