Short Interest in Renesas Electronics Co. (OTCMKTS:RNECF) Increases By 28.1%

Renesas Electronics Co. (OTCMKTS:RNECF) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 11,710,200 shares, a growth of 28.1% from the February 13th total of 9,143,000 shares. Based on an average trading volume of 4,200 shares, the days-to-cover ratio is presently 2,788.1 days.

Renesas Electronics Trading Up 10.5 %

Shares of OTCMKTS RNECF traded up $1.53 during mid-day trading on Monday, reaching $16.14. The company had a trading volume of 222 shares, compared to its average volume of 14,298. Renesas Electronics has a twelve month low of $10.43 and a twelve month high of $21.24. The stock’s 50 day moving average is $14.86 and its 200-day moving average is $14.20.

About Renesas Electronics

Renesas Electronics Corporation researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally. The company operates through Automotive Business and Industrial/Infrastructure/IoT Business segments. It offers microcontrollers (MCUs) and microprocessors; amplifiers, audio and video, data converters, power line communication, and switches and multiplexer products; and specific clocks, clock distribution and generation, jitter attenuators with frequency translation, and crystal oscillator, and VersaClock programmable clocks.