Renault SA (OTCMKTS:RNLSY) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 19,400 shares, an increase of 92.1% from the August 15th total of 10,100 shares. Based on an average trading volume of 44,900 shares, the days-to-cover ratio is presently 0.4 days.
Shares of OTCMKTS RNLSY traded down $0.12 on Friday, hitting $6.69. The company’s stock had a trading volume of 75,327 shares, compared to its average volume of 27,160. Renault has a 12-month low of $4.79 and a 12-month high of $9.84. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of -0.99 and a beta of 1.87. The stock has a 50 day moving average of $7.38 and a 200-day moving average of $8.11.
A number of research analysts have recently issued reports on the stock. Barclays reiterated an “underweight” rating on shares of Renault in a research note on Wednesday, August 11th. Cheuvreux lowered shares of Renault from a “buy” rating to a “hold” rating in a research note on Monday, June 28th. HSBC raised shares of Renault from a “hold” rating to a “buy” rating in a report on Monday, August 2nd. Zacks Investment Research raised shares of Renault from a “strong sell” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Saturday, August 7th. Finally, Societe Generale reissued a “hold” rating on shares of Renault in a report on Monday, August 2nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Renault currently has a consensus rating of “Hold” and a consensus target price of $9.00.
Renault SA designs, manufactures and sells passenger cars and light commercial vehicles. It operates through the following segments: Automotive excluding AVTOVAZ, AVTOVAZ, Sales Financing and Mobility Services. The Automotive excluding AVTOVAZ segment engages in production, sales, and distribution of passenger cars, and light commercial vehicles, and provides automotive services.
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