Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Decreases By 75.9%

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 35,431 shares, a decline of 75.9% from the July 30th total of 146,772 shares. Based on an average daily volume of 633,552 shares, the days-to-cover ratio is currently 0.1 days.

Renesas Electronics Stock Up 1.3%

Shares of RNECY stock traded up $0.14 on Thursday, reaching $10.60. The stock had a trading volume of 296,958 shares, compared to its average volume of 723,583. Renesas Electronics has a 12 month low of $5.50 and a 12 month high of $16.20. The firm’s 50-day moving average is $12.77 and its two-hundred day moving average is $11.02.

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.