Renesas Electronics Co. (OTCMKTS:RNECF) Short Interest Up 94.3% in September

Renesas Electronics Co. (OTCMKTS:RNECF) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 3,839,300 shares, an increase of 94.3% from the August 31st total of 1,975,700 shares. Based on an average daily volume of 18,400 shares, the short-interest ratio is presently 208.7 days.

Renesas Electronics Stock Down 6.7 %

RNECF traded down $0.98 during mid-day trading on Friday, reaching $13.73. The stock had a trading volume of 10,704 shares, compared to its average volume of 10,132. The firm’s fifty day simple moving average is $15.70 and its two-hundred day simple moving average is $17.19. Renesas Electronics has a 52 week low of $10.43 and a 52 week high of $21.24.

About Renesas Electronics

Renesas Electronics Corporation researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally. The company operates through Automotive Business and Industrial/Infrastructure/IoT Business segments. It offers microcontrollers (MCUs) and microprocessors; amplifiers, audio and video, data converters, power line communication, and switches and multiplexer products; and specific clocks, clock distribution and generation, jitter attenuators with frequency translation, and crystal oscillator, and VersaClock programmable clocks.