Renesas Electronics Co. (OTCMKTS:RNECY) Sees Significant Increase in Short Interest

Renesas Electronics Co. (OTCMKTS:RNECY) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 93,972 shares, an increase of 129.4% from the April 15th total of 40,968 shares. Based on an average daily volume of 2,135,976 shares, the days-to-cover ratio is presently 0.0 days.

Renesas Electronics Price Performance

Shares of OTCMKTS:RNECY traded down $0.61 during trading on Friday, hitting $11.68. The company’s stock had a trading volume of 202,907 shares, compared to its average volume of 658,705. The company has a 50-day moving average of $8.70 and a 200-day moving average of $7.83. Renesas Electronics has a 12 month low of $5.50 and a 12 month high of $12.40.

Renesas Electronics (OTCMKTS:RNECY) last announced its earnings results on Friday, April 24th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $29.82 by ($29.70). The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $373.76 billion.

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.