Short Interest in Renault (OTCMKTS:RNLSY) Expands By 936.6%

Renault (OTCMKTS:RNLSY) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 19,136 shares, an increase of 936.6% from the June 30th total of 1,846 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 503,172 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Renault currently has an average rating of “Reduce”.

Renault Stock Performance

Shares of Renault stock opened at $5.90 on Friday. Renault has a 1-year low of $5.60 and a 1-year high of $8.79. The business has a 50-day moving average of $6.16 and a 200-day moving average of $6.82.

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.