Renesas Electronics Co. (OTCMKTS:RNECY – Get Free Report) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 576,406 shares, a growth of 112.4% from the August 31st total of 271,337 shares. Based on an average daily trading volume, of 1,400,764 shares, the short-interest ratio is currently 0.4 days.
Renesas Electronics Stock Performance
Renesas Electronics stock opened at $11.13 on Wednesday. The company’s 50-day moving average price is $11.01 and its 200-day moving average price is $11.25. Renesas Electronics has a twelve month low of $5.50 and a twelve month high of $16.20.
About Renesas Electronics
Renesas Electronics Corporation is a Japan-based semiconductor company that develops and supplies embedded solutions for automotive, industrial, infrastructure, and consumer applications. Its portfolio includes microcontrollers, microprocessors, system-on-chip devices, analog and mixed-signal products, power-management semiconductors, connectivity solutions, and memory products.
The company’s technologies are used in areas such as vehicle control systems, advanced driver-assistance systems, factory automation, home appliances, data centers, communications equipment, and other embedded applications.
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