Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Down 56.2% in April

Renesas Electronics Co. (OTCMKTS:RNECY) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totaling 40,968 shares, a decrease of 56.2% from the March 31st total of 93,584 shares. Based on an average trading volume of 1,296,498 shares, the short-interest ratio is presently 0.0 days.

Renesas Electronics Stock Performance

Shares of RNECY stock opened at $9.71 on Tuesday. The company’s 50-day simple moving average is $8.39 and its two-hundred day simple moving average is $7.46. Renesas Electronics has a one year low of $5.50 and a one year high of $10.41.

Renesas Electronics (OTCMKTS:RNECY) last issued its earnings results on Friday, April 24th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $29.82 by ($29.70). The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $373.76 billion.

Renesas Electronics Company Profile

Renesas Electronics (OTCMKTS:RNECY) is a global semiconductor manufacturer specializing in microcontrollers, system-on-chip (SoC) devices, analog and power management solutions. The company’s products are designed to address a wide range of applications in automotive electronics, industrial automation, consumer devices, and communications infrastructure. Renesas leverages its expertise in embedded processing and mixed-signal technologies to deliver integrated solutions that help customers reduce development time and improve energy efficiency.

The company’s product portfolio includes 32-bit and 16-bit microcontrollers, application processors, analog and power discrete devices, and sensor interface ICs.