Short Interest in Renesas Electronics Co. (OTCMKTS:RNECF) Increases By 28.1%

Renesas Electronics Co. (OTCMKTS:RNECF) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 11,710,200 shares, an increase of 28.1% from the February 13th total of 9,143,000 shares. Based on an average daily volume of 4,200 shares, the short-interest ratio is presently 2,788.1 days.

Renesas Electronics Price Performance

Shares of RNECF opened at $16.13 on Wednesday. The firm has a 50-day moving average of $14.97 and a 200-day moving average of $14.19. Renesas Electronics has a one year low of $10.43 and a one year 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.