Renault (OTCMKTS:RNLSY) Short Interest Up 557.7% in May

Renault (OTCMKTS:RNLSY) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 8,208 shares, a growth of 557.7% from the May 14th total of 1,248 shares. Based on an average trading volume of 238,256 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Renault from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Renault currently has a consensus rating of “Reduce”.

Renault Price Performance

Shares of RNLSY traded up $0.37 on Friday, hitting $6.43. 29,117 shares of the stock traded hands, compared to its average volume of 131,429. Renault has a one year low of $6.04 and a one year high of $10.09. The business has a 50 day simple moving average of $6.81 and a 200 day simple moving average of $7.32.

Renault Company Profile

Renault SA is a French multinational automobile manufacturer founded in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, France, the company designs, produces and distributes a wide range of passenger cars, light commercial vehicles and electric vehicles under the Renault, Dacia and Alpine brands. Renault also develops powertrains, including combustion engines and electric motors, and provides related services such as financing, leasing and fleet management.

Throughout its history, Renault has been at the forefront of automotive innovation, introducing mass-produced vehicles in the early 20th century and pioneering mass-market electric cars in the 2010s.