Renault (OTCMKTS:RNLSY) Sees Significant Increase in Short Interest

Renault (OTCMKTS:RNLSY) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 270,891 shares, a growth of 70.6% from the September 30th total of 158,752 shares. Based on an average daily trading volume, of 521,190 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Barclays downgraded Renault from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Renault Stock Down 1.6%

OTCMKTS RNLSY opened at $6.04 on Wednesday. Renault has a one year low of $5.49 and a one year high of $8.79. The company has a 50-day simple moving average of $6.18 and a 200-day simple moving average of $6.59.

Renault Company Profile

Renault is a French automotive company that designs, manufactures and sells passenger cars, light commercial vehicles and related mobility services. Its principal brands include Renault, Dacia and Alpine, while the company also develops electric vehicles and software-enabled automotive technologies through its Ampere business.

Founded in 1898 by Louis, Marcel and Fernand Renault, the company has played a significant role in the development of France’s automobile industry. Renault has produced vehicles ranging from mass-market passenger cars and commercial vans to performance-oriented Alpine models.