Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Decreases By 72.2%

Renesas Electronics Co. (OTCMKTS:RNECY) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 23,700 shares, a drop of 72.2% from the November 15th total of 85,100 shares. Based on an average trading volume of 1,241,100 shares, the short-interest ratio is presently 0.0 days.

Renesas Electronics Price Performance

OTCMKTS RNECY traded down $0.14 on Thursday, hitting $6.61. The stock had a trading volume of 718,370 shares, compared to its average volume of 476,061. Renesas Electronics has a 52-week low of $6.19 and a 52-week high of $10.68. The business’s fifty day moving average price is $6.74 and its 200 day moving average price is $7.96.

Renesas Electronics (OTCMKTS:RNECY) last announced its 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.