Renesas Electronics Co. (OTCMKTS:RNECF) Short Interest Up 41.2% in May

Renesas Electronics Co. (OTCMKTS:RNECFGet Rating) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 3,109,100 shares, an increase of 41.2% from the May 15th total of 2,201,400 shares. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is currently 777.3 days.

OTCMKTS:RNECF opened at $10.00 on Wednesday. The stock’s 50-day simple moving average is $10.90 and its 200 day simple moving average is $11.52. Renesas Electronics has a 52-week low of $9.70 and a 52-week high of $14.00.

Renesas Electronics Company Profile (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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