Short Interest in Renesas Electronics Co. (OTCMKTS:RNECF) Expands By 48.5%

Renesas Electronics Co. (OTCMKTS:RNECF) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 7,091,600 shares, an increase of 48.5% from the November 15th total of 4,774,500 shares. Based on an average daily volume of 12,800 shares, the days-to-cover ratio is currently 554.0 days.

Renesas Electronics Stock Performance

Shares of Renesas Electronics stock traded down $0.45 during midday trading on Friday, hitting $13.10. The company’s stock had a trading volume of 1,985 shares, compared to its average volume of 12,021. Renesas Electronics has a 1-year low of $10.43 and a 1-year high of $21.24. The stock has a 50-day simple moving average of $13.56 and a 200-day simple moving average of $15.88.

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.