Renesas Electronics Co. (OTCMKTS:RNECF) Sees Significant Drop in Short Interest

Renesas Electronics Co. (OTCMKTS:RNECF) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 2,437,700 shares, a decline of 39.5% from the September 30th total of 4,028,800 shares. Based on an average daily trading volume, of 10,600 shares, the short-interest ratio is presently 230.0 days.

Renesas Electronics Stock Down 14.3 %

Shares of RNECF stock opened at $13.02 on Friday. Renesas Electronics has a 12 month low of $10.43 and a 12 month high of $21.24. The firm’s 50-day moving average is $15.21 and its two-hundred day moving average is $16.86.

Renesas Electronics Company Profile

Renesas Electronics Corporation researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally. The company operates through Automotive Business and Industrial/Infrastructure/IoT Business segments. It offers microcontrollers (MCUs) and microprocessors; amplifiers, audio and video, data converters, power line communication, and switches and multiplexer products; and specific clocks, clock distribution and generation, jitter attenuators with frequency translation, and crystal oscillator, and VersaClock programmable clocks.