Renault (OTCMKTS:RNLSY) Sees Significant Growth in Short Interest

Renault (OTCMKTS:RNLSY) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 180,130 shares, a growth of 841.3% from the July 15th total of 19,136 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 332,104 shares, the short-interest ratio is currently 0.5 days.

Renault Trading Down 0.6%

RNLSY traded down $0.04 during midday trading on Thursday, hitting $6.45. The company had a trading volume of 2,971 shares, compared to its average volume of 146,640. Renault has a twelve month low of $5.60 and a twelve month high of $8.79. The firm’s 50-day simple moving average is $6.12 and its 200-day simple moving average is $6.69.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Renault from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Renault Company Profile

Renault SA is a French multinational automobile manufacturer founded in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, France, the company designs, produces and distributes a wide range of passenger cars, light commercial vehicles and electric vehicles under the Renault, Dacia and Alpine brands. Renault also develops powertrains, including combustion engines and electric motors, and provides related services such as financing, leasing and fleet management.

Throughout its history, Renault has been at the forefront of automotive innovation, introducing mass-produced vehicles in the early 20th century and pioneering mass-market electric cars in the 2010s.