Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Drops By 69.4%

Renesas Electronics Co. (OTCMKTS:RNECY) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 66,200 shares, a drop of 69.4% from the January 31st total of 216,400 shares. Based on an average daily volume of 1,847,600 shares, the days-to-cover ratio is currently 0.0 days.

Renesas Electronics Trading Down 0.7 %

RNECY traded down $0.06 during trading on Friday, hitting $8.32. 617,712 shares of the stock were exchanged, compared to its average volume of 738,021. The firm has a 50 day simple moving average of $7.15 and a 200 day simple moving average of $7.13. Renesas Electronics has a 1 year low of $6.00 and a 1 year high of $10.68.

Renesas Electronics (OTCMKTS:RNECY) last announced its earnings results on Wednesday, February 5th. The company reported $0.12 earnings per share (EPS) for the quarter.

Renesas Electronics Company Profile

Renesas Electronics Corporation researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally. The company operates through Automotive Business and Industrial/Infrastructure/IoT Business segments. It offers microcontrollers (MCUs) and microprocessors; amplifiers, audio and video, data converters, power line communication, and switches and multiplexer products; and specific clocks, clock distribution and generation, jitter attenuators with frequency translation, and crystal oscillator, and VersaClock programmable clocks.