Renesas Electronics Co. (OTCMKTS:RNECF) Short Interest Update

Renesas Electronics Co. (OTCMKTS:RNECF) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,975,700 shares, a decline of 53.7% from the August 15th total of 4,268,500 shares. Based on an average trading volume of 2,000 shares, the days-to-cover ratio is currently 987.9 days.

Renesas Electronics Stock Performance

Shares of Renesas Electronics stock traded up $1.50 during trading on Friday, reaching $15.23. The company’s stock had a trading volume of 1,146 shares, compared to its average volume of 10,486. The company has a 50-day moving average price of $16.88 and a two-hundred day moving average price of $17.37. Renesas Electronics has a fifty-two week low of $10.43 and a fifty-two week high of $21.24.

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.