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

Renault (OTCMKTS:RNLSY) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 8,208 shares, an increase of 557.7% from the May 14th total of 1,248 shares. Based on an average daily volume of 238,256 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Renault Trading Up 4.1%

RNLSY stock traded up $0.25 during midday trading on Thursday, reaching $6.31. 318,683 shares of the company’s stock traded hands, compared to its average volume of 130,446. The company has a 50-day moving average price of $6.82 and a two-hundred day moving average price of $7.33. Renault has a 52 week low of $6.04 and a 52 week high of $10.09.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

About Renault

Renault SA is a French multinational automobile manufacturer founded in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, France, the company designs, produces and distributes a wide range of passenger cars, light commercial vehicles and electric vehicles under the Renault, Dacia and Alpine brands. Renault also develops powertrains, including combustion engines and electric motors, and provides related services such as financing, leasing and fleet management.

Throughout its history, Renault has been at the forefront of automotive innovation, introducing mass-produced vehicles in the early 20th century and pioneering mass-market electric cars in the 2010s.