Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Decreases By 69.9%

Renesas Electronics Co. (OTCMKTS:RNECYGet Rating) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 43,400 shares, a decrease of 69.9% from the April 30th total of 144,100 shares. Based on an average trading volume of 384,800 shares, the short-interest ratio is currently 0.1 days.

RNECY traded up $0.21 during mid-day trading on Thursday, reaching $5.73. The stock had a trading volume of 107,231 shares, compared to its average volume of 129,841. The firm’s fifty day simple moving average is $5.41 and its two-hundred day simple moving average is $5.80. Renesas Electronics has a 52 week low of $4.81 and a 52 week high of $6.96.

Renesas Electronics (OTCMKTS:RNECYGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.13 EPS for the quarter. The firm had revenue of $2.98 billion during the quarter.

About Renesas Electronics (Get Rating)

Renesas Electronics Corporation researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, North America, Europe, rest of Asia, 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; battery and power management, power devices, sensors, video and display, wireless power, system-on-chips, and MCU products; and specific clocks, clock distribution and generation, jitter attenuators, and crystal oscillator clock ICs and clock timing solutions.

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