Renesas Electronics Co. (OTCMKTS:RNECF) Sees Significant Increase in Short Interest

Renesas Electronics Co. (OTCMKTS:RNECF) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 3,839,300 shares, an increase of 94.3% from the August 31st total of 1,975,700 shares. Based on an average daily volume of 18,400 shares, the days-to-cover ratio is presently 208.7 days.

Renesas Electronics Trading Up 2.5 %

OTCMKTS:RNECF traded up $0.36 during mid-day trading on Thursday, reaching $14.71. 966 shares of the stock were exchanged, compared to its average volume of 10,129. Renesas Electronics has a 1 year low of $10.43 and a 1 year high of $21.24. The company has a 50 day simple moving average of $15.92 and a 200-day simple moving average of $17.23.

Renesas Electronics Company Profile

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.