Short Interest in Renault (OTCMKTS:RNLSY) Decreases By 36.8%

Renault (OTCMKTS:RNLSY) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 80,076 shares, a decline of 36.8% from the August 15th total of 126,642 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 119,855 shares, the short-interest ratio is presently 0.7 days.

Renault Price Performance

OTCMKTS:RNLSY traded up $0.17 during mid-day trading on Thursday, reaching $6.67. The stock had a trading volume of 2,850 shares, compared to its average volume of 135,418. Renault has a twelve month low of $5.60 and a twelve month high of $8.79. The business has a 50 day simple moving average of $6.40 and a 200 day simple moving average of $6.53.

Analysts Set New Price Targets

Separately, Barclays downgraded Renault from a “strong-buy” rating to a “hold” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Renault presently has a consensus rating of “Reduce”.

Renault Company Profile

Renault is a France-based automotive company that designs, develops, manufactures and sells passenger cars, light commercial vehicles and related mobility services. Its vehicle portfolio includes small cars, sedans, sport utility vehicles, vans and electric vehicles marketed primarily under the Renault brand.

The company also operates the Dacia brand, known for value-oriented vehicles, and Alpine, which focuses on performance-oriented sports cars. Through Mobilize, Renault Group develops mobility, energy and vehicle-financing services, including financial solutions for customers and dealers.

Founded in 1898 by Louis, Marcel and Fernand Renault, the company has grown into an international automaker with operations and sales across Europe and other markets, including regions in Latin America, Asia and Africa.