Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Up 720.3% in December

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 169,248 shares, an increase of 720.3% from the November 30th total of 20,632 shares. Based on an average daily trading volume, of 931,083 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 931,083 shares, the short-interest ratio is currently 0.2 days.

Renesas Electronics Trading Down 0.9%

RNECY traded down $0.06 on Wednesday, hitting $6.76. 187,819 shares of the company were exchanged, compared to its average volume of 716,157. Renesas Electronics has a fifty-two week low of $4.62 and a fifty-two week high of $9.27. The business’s fifty day moving average is $6.28 and its 200 day moving average is $6.19.

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.