Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Decreases By 70.6%

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 38,065 shares, a drop of 70.6% from the May 14th total of 129,633 shares. Based on an average daily volume of 2,500,538 shares, the short-interest ratio is presently 0.0 days.

Renesas Electronics Price Performance

Shares of OTCMKTS:RNECY traded down $0.32 during mid-day trading on Friday, reaching $13.67. The stock had a trading volume of 53,290 shares, compared to its average volume of 768,467. The business’s 50 day moving average price is $10.91 and its 200 day moving average price is $8.83. Renesas Electronics has a 1 year low of $5.50 and a 1 year high of $15.45.

Renesas Electronics (OTCMKTS:RNECY) last released its quarterly earnings results on Friday, April 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $29.82 by ($29.70). The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $373.76 billion.

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.