Renault (OTCMKTS:RNLSY) Short Interest Up 936.6% in July

Renault (OTCMKTS:RNLSY) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 19,136 shares, a growth of 936.6% from the June 30th total of 1,846 shares. Based on an average daily trading volume, of 503,172 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

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

Renault Trading Up 0.2%

Shares of Renault stock traded up $0.01 during trading on Friday, hitting $5.90. 353,139 shares of the company were exchanged, compared to its average volume of 212,946. Renault has a fifty-two week low of $5.60 and a fifty-two week high of $8.79. The firm has a 50 day moving average price of $6.16 and a 200 day moving average price of $6.82.

About Renault

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.