Renesas Electronics Co. (OTCMKTS:RNECY) Sees Significant Growth in Short Interest

Renesas Electronics Co. (OTCMKTS:RNECY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 576,406 shares, an increase of 112.4% from the August 31st total of 271,337 shares. Based on an average daily trading volume, of 1,400,764 shares, the short-interest ratio is currently 0.4 days.

Renesas Electronics Trading Up 1.0%

Shares of OTCMKTS:RNECY traded up $0.11 on Tuesday, reaching $11.08. The company had a trading volume of 109,784 shares, compared to its average volume of 725,849. Renesas Electronics has a 52-week low of $5.50 and a 52-week high of $16.20. The firm’s 50 day simple moving average is $11.04 and its 200-day simple moving average is $11.23.

About Renesas Electronics

Renesas Electronics Corporation is a Japan-based semiconductor company that develops and supplies embedded solutions for automotive, industrial, infrastructure, and consumer applications. Its portfolio includes microcontrollers, microprocessors, system-on-chip devices, analog and mixed-signal products, power-management semiconductors, connectivity solutions, and memory products.

The company’s technologies are used in areas such as vehicle control systems, advanced driver-assistance systems, factory automation, home appliances, data centers, communications equipment, and other embedded applications.