Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Expands By 171.9%

Renesas Electronics Co. (OTCMKTS:RNECY) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 103,484 shares, a growth of 171.9% from the May 31st total of 38,065 shares. Based on an average trading volume of 2,538,553 shares, the short-interest ratio is presently 0.0 days.

Renesas Electronics Price Performance

Shares of OTCMKTS:RNECY opened at $14.79 on Monday. The stock’s 50-day moving average is $12.35 and its 200-day moving average is $9.47. Renesas Electronics has a 52-week low of $5.50 and a 52-week high of $16.20.

Renesas Electronics (OTCMKTS:RNECY) last posted its quarterly earnings data on Friday, April 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $29.82 by ($29.70). The company had revenue of $2.39 billion during the quarter, compared to analyst estimates 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.