Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Up 24.7% in February

Renesas Electronics Co. (OTCMKTS:RNECY) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 246,220 shares, an increase of 24.7% from the January 29th total of 197,459 shares. Based on an average daily trading volume, of 1,151,619 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 1,151,619 shares, the days-to-cover ratio is currently 0.2 days.

Renesas Electronics Stock Down 7.9%

Shares of RNECY stock opened at $8.45 on Wednesday. Renesas Electronics has a 52 week low of $4.62 and a 52 week high of $10.10. The firm’s 50-day simple moving average is $8.26 and its two-hundred day simple moving average is $6.86.

About Renesas Electronics

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.