Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Down 85.4% in July

Renesas Electronics Co. (OTCMKTS:RNECY) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 58,866 shares, a decrease of 85.4% from the June 30th total of 402,242 shares. Based on an average trading volume of 1,186,403 shares, the days-to-cover ratio is currently 0.0 days.

Renesas Electronics Stock Performance

Shares of OTCMKTS RNECY traded down $0.40 during midday trading on Monday, hitting $11.41. The stock had a trading volume of 379,781 shares, compared to its average volume of 752,187. Renesas Electronics has a 1-year low of $5.50 and a 1-year high of $16.20. The company has a fifty day moving average price of $13.74 and a 200 day moving average price of $10.46.

Renesas Electronics (OTCMKTS:RNECY) last posted its quarterly earnings results on Friday, April 24th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $29.82 by ($29.70). The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $373.76 billion.

Renesas Electronics Company Profile

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.