Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Update

Renesas Electronics Co. (OTCMKTS:RNECY) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 93,972 shares, a growth of 129.4% from the April 15th total of 40,968 shares. Based on an average trading volume of 2,135,976 shares, the short-interest ratio is presently 0.0 days.

Renesas Electronics Stock Performance

Shares of OTCMKTS RNECY traded down $0.62 during mid-day trading on Friday, reaching $11.66. 325,260 shares of the company were exchanged, compared to its average volume of 660,963. Renesas Electronics has a 52 week low of $5.50 and a 52 week high of $12.40. The company’s 50 day moving average price is $8.76 and its 200 day moving average price is $7.85.

Renesas Electronics (OTCMKTS:RNECY) last posted its quarterly earnings data on Friday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.82 by ($29.70). The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate 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.