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

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

Analyst Upgrades and Downgrades

Separately, Barclays downgraded Renault from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Renault Price Performance

OTCMKTS RNLSY opened at $6.84 on Wednesday. The company’s fifty day simple moving average is $6.39 and its 200-day simple moving average is $6.54. Renault has a 52 week low of $5.60 and a 52 week high of $8.79.

About Renault

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.