Renesas Electronics Co. (OTCMKTS:RNECY) Sees Significant Growth in Short Interest

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 103,484 shares, a growth of 171.9% from the May 31st total of 38,065 shares. Based on an average trading volume of 2,538,553 shares, the days-to-cover ratio is currently 0.0 days.

Renesas Electronics Stock Down 0.2%

Renesas Electronics stock traded down $0.03 during midday trading on Tuesday, reaching $15.12. 394,978 shares of the company traded hands, compared to its average volume of 749,885. The business has a 50 day moving average of $12.48 and a two-hundred day moving average of $9.53. Renesas Electronics has a 12 month low of $5.50 and a 12 month high of $16.20.

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