Renault (OTCMKTS:RNLSY) Stock Short Interest Climbs 49.1%

Renault (OTCMKTS:RNLSY) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 119,411 shares, an increase of 49.1% from the August 31st total of 80,076 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 133,870 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered shares of Renault from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Renault Price Performance

OTCMKTS:RNLSY traded down $0.03 during trading hours on Thursday, hitting $5.75. 3,740 shares of the company traded hands, compared to its average volume of 136,378. Renault has a twelve month low of $5.60 and a twelve month high of $8.79. The firm has a 50-day moving average of $6.44 and a 200 day moving average of $6.48.

About Renault

Renault is a France-based automotive company that designs, develops, manufactures and sells passenger cars, light commercial vehicles and related mobility services. Its portfolio includes Renault-branded vehicles, as well as Dacia’s value-oriented cars and utility vehicles and Alpine’s performance-oriented sports cars. The company also develops electric and connected vehicles and offers associated services through its Mobilize brand.

Founded in 1898 by Louis, Marcel and Fernand Renault, the company has grown into one of Europe’s major automakers.