Renesas Electronics Co. (OTCMKTS:RNECY) Sees Significant Drop in Short Interest
by Tristan Rich · The Markets DailyRenesas Electronics Co. (OTCMKTS:RNECY – Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 153,403 shares, a decline of 44.2% from the February 26th total of 274,804 shares. Based on an average daily trading volume, of 1,025,761 shares, the days-to-cover ratio is currently 0.1 days.
Renesas Electronics Trading Down 3.7%
Shares of RNECY opened at $7.01 on Friday. Renesas Electronics has a 52 week low of $4.62 and a 52 week high of $10.10. The stock has a fifty day moving average of $8.48 and a 200-day moving average of $7.09.
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.