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

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 627,698 shares, an increase of 270.9% from the December 15th total of 169,248 shares. Based on an average daily trading volume, of 740,779 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 740,779 shares, the days-to-cover ratio is currently 0.8 days.

Renesas Electronics Stock Down 4.0%

RNECY opened at $7.60 on Wednesday. Renesas Electronics has a 52 week low of $4.62 and a 52 week high of $9.27. The business has a 50 day moving average price of $6.55 and a two-hundred day moving average price of $6.25.

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.