Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Decreases By 77.2%

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 5,400 shares, a drop of 77.2% from the November 30th total of 23,700 shares. Based on an average daily volume of 1,227,100 shares, the short-interest ratio is presently 0.0 days.

Renesas Electronics Price Performance

OTCMKTS:RNECY traded up $0.12 during trading hours on Friday, hitting $6.54. 527,919 shares of the company’s stock traded hands, compared to its average volume of 490,147. The business’s fifty day simple moving average is $6.60 and its two-hundred day simple moving average is $7.76. Renesas Electronics has a 52 week low of $6.14 and a 52 week high of $10.68.

Renesas Electronics (OTCMKTS:RNECY) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $2.32 billion for the quarter.

About Renesas Electronics

Renesas Electronics Corporation researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally. The company operates through Automotive Business and Industrial/Infrastructure/IoT Business segments. It offers microcontrollers (MCUs) and microprocessors; amplifiers, audio and video, data converters, power line communication, and switches and multiplexer products; and specific clocks, clock distribution and generation, jitter attenuators with frequency translation, and crystal oscillator, and VersaClock programmable clocks.