Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Down 14.1% in April

Posted by Dante Gardener on May 1st, 2024

Renesas Electronics Co. (OTCMKTS:RNECY – Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 148,200 shares, a decline of 14.1% from the March 31st total of 172,600 shares. Based on an average daily volume of 1,828,700 shares, the short-interest ratio is currently 0.1 days.

Renesas Electronics Stock Performance

Shares of OTCMKTS RNECY opened at $8.19 on Wednesday. Renesas Electronics has a 52-week low of $6.28 and a 52-week high of $10.25. The company’s 50 day moving average price is $8.52 and its 200-day moving average price is $8.31.

Renesas Electronics (OTCMKTS:RNECY – Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $2.45 billion during the quarter.

Renesas Electronics Dividend Announcement

The business also recently disclosed a dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, April 11th were paid a $0.0923 dividend. The ex-dividend date was Tuesday, April 9th.

About Renesas Electronics

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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.