Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Down 24.0% in January

Renesas Electronics Co. (OTCMKTS:RNECY) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 476,762 shares, a decline of 24.0% from the December 31st total of 627,698 shares. Based on an average daily volume of 1,414,239 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 1,414,239 shares, the short-interest ratio is currently 0.3 days.

Renesas Electronics Trading Down 1.5%

Shares of Renesas Electronics stock opened at $8.14 on Tuesday. Renesas Electronics has a 1 year low of $4.62 and a 1 year high of $9.27. The firm’s 50-day moving average is $7.04 and its two-hundred day moving average is $6.38.

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.