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

Renesas Electronics Co. (OTCMKTS:RNECY) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 36,000 shares, a drop of 76.4% from the October 15th total of 152,300 shares. Based on an average trading volume of 1,197,800 shares, the short-interest ratio is presently 0.0 days.

Renesas Electronics Stock Down 1.0 %

RNECY stock traded down $0.07 during mid-day trading on Wednesday, hitting $6.79. The company had a trading volume of 483,882 shares, compared to its average volume of 450,675. The company has a 50-day moving average price of $7.06 and a 200 day moving average price of $8.24. Renesas Electronics has a 12-month low of $6.36 and a 12-month high of $10.68.

Renesas Electronics (OTCMKTS:RNECY) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $2.32 billion for the quarter.

About Renesas Electronics

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.