Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Decreases By 24.0%

Renesas Electronics Co. (OTCMKTS:RNECY) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totaling 476,762 shares, a decrease of 24.0% from the December 31st total of 627,698 shares. Based on an average trading volume of 1,414,239 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 1,414,239 shares, the days-to-cover ratio is presently 0.3 days.

Renesas Electronics Price Performance

RNECY opened at $8.26 on Friday. Renesas Electronics has a fifty-two week low of $4.62 and a fifty-two week high of $9.27. The company’s 50-day moving average is $7.00 and its 200 day moving average is $6.37.

About Renesas Electronics

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.