Renault (OTCMKTS:RNLSY) Short Interest Update

Renault (OTCMKTS:RNLSY) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,248 shares, a drop of 98.6% from the April 30th total of 91,821 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 221,094 shares, the days-to-cover ratio is currently 0.0 days.

Renault Stock Up 3.8%

RNLSY traded up $0.25 during midday trading on Wednesday, reaching $6.90. The company had a trading volume of 108,068 shares, compared to its average volume of 114,145. Renault has a 12-month low of $6.21 and a 12-month high of $10.41. The business has a 50-day moving average price of $6.84 and a two-hundred day moving average price of $7.45.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RNLSY shares. Morgan Stanley cut shares of Renault to an “underweight” rating in a report on Tuesday, February 3rd. Zacks Research lowered shares of Renault from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Renault Company Profile

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.