Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Up 160.3% in October

by · The Markets Daily

Renesas Electronics Co. (OTCMKTS:RNECY – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 152,300 shares, an increase of 160.3% from the September 30th total of 58,500 shares. Based on an average daily trading volume, of 1,063,000 shares, the short-interest ratio is presently 0.1 days.

Renesas Electronics Price Performance

RNECY traded down $0.05 during trading on Friday, hitting $6.61. 472,230 shares of the company’s stock were exchanged, compared to its average volume of 438,957. Renesas Electronics has a 1 year low of $6.41 and a 1 year high of $10.68. The stock has a 50 day moving average price of $7.47 and a 200 day moving average price of $8.38.

Renesas Electronics (OTCMKTS:RNECY – Get Free Report) last posted its earnings results on Wednesday, July 24th. The company reported $0.11 EPS for the quarter. The firm had revenue of $2.30 billion for the quarter.

About Renesas Electronics

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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.

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