Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Declines By 75.9%

Renesas Electronics Co. (OTCMKTS:RNECY) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 35,431 shares, a decrease of 75.9% from the July 30th total of 146,772 shares. Based on an average daily trading volume, of 633,552 shares, the days-to-cover ratio is currently 0.1 days.

Renesas Electronics Trading Down 1.4%

Shares of Renesas Electronics stock opened at $10.41 on Friday. Renesas Electronics has a 52 week low of $5.50 and a 52 week high of $16.20. The company’s 50-day moving average price is $12.61 and its two-hundred day moving average price is $11.02.

About Renesas Electronics

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.