Renesas Electronics Co. (OTCMKTS:RNECF) Sees Large Decline in Short Interest

Renesas Electronics Co. (OTCMKTS:RNECF) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 2,437,700 shares, a decline of 39.5% from the September 30th total of 4,028,800 shares. Based on an average trading volume of 10,600 shares, the days-to-cover ratio is presently 230.0 days.

Renesas Electronics Trading Down 14.3 %

OTCMKTS:RNECF opened at $13.02 on Friday. Renesas Electronics has a 1 year low of $10.43 and a 1 year high of $21.24. The stock has a fifty day moving average price of $15.21 and a two-hundred day moving average price of $16.86.

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.