Renesas Electronics Co. (OTCMKTS:RNECY – Get Free Report) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 35,431 shares, a decrease of 75.9% from the July 30th total of 146,772 shares. Based on an average trading volume of 633,552 shares, the days-to-cover ratio is currently 0.1 days.
Renesas Electronics Stock Up 1.0%
OTCMKTS:RNECY opened at $10.56 on Friday. The company has a 50-day moving average price of $12.69 and a 200-day moving average price of $11.03. Renesas Electronics has a 12 month low of $5.50 and a 12 month high of $16.20.
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.
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