Renesas Electronics Co. (OTCMKTS:RNECY – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 765,868 shares, an increase of 105.7% from the September 30th total of 372,248 shares. Based on an average daily trading volume, of 1,083,126 shares, the days-to-cover ratio is currently 0.7 days.
Renesas Electronics Stock Performance
Shares of OTCMKTS RNECY opened at $8.94 on Friday. The stock’s 50 day moving average price is $10.47 and its two-hundred day moving average price is $10.61. Renesas Electronics has a 52-week low of $5.51 and a 52-week high of $16.20.
About Renesas Electronics
Renesas Electronics Corporation is a Japan-based semiconductor company that develops and supplies embedded semiconductor solutions for automotive, industrial, infrastructure, and consumer applications. Its products help control, connect, sense, and power electronic systems used in vehicles, factories, appliances, communications equipment, and other connected devices.
The company’s portfolio includes microcontrollers, microprocessors, system-on-chip devices, analog and mixed-signal semiconductors, power management products, connectivity solutions, and semiconductor devices for automotive applications.
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