Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Down 70.6% in May

Renesas Electronics Co. (OTCMKTS:RNECY) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 38,065 shares, a decline of 70.6% from the May 14th total of 129,633 shares. Based on an average daily volume of 2,500,538 shares, the days-to-cover ratio is currently 0.0 days.

Renesas Electronics Stock Down 0.6%

RNECY stock traded down $0.09 during trading hours on Friday, hitting $13.90. 332,917 shares of the stock were exchanged, compared to its average volume of 771,092. Renesas Electronics has a 12 month low of $5.50 and a 12 month high of $15.45. The company has a 50-day simple moving average of $11.04 and a two-hundred day simple moving average of $8.87.

Renesas Electronics (OTCMKTS:RNECY) last announced its earnings results on Friday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.82 by ($29.70). The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $373.76 billion.

Renesas Electronics Company Profile

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.