Renault (OTCMKTS:RNLSY) Sees Significant Drop in Short Interest

Renault (OTCMKTS:RNLSY) was the recipient of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,248 shares, a decline of 98.6% from the April 30th total of 91,821 shares. Based on an average daily volume of 221,094 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

RNLSY has been the subject of a number of recent analyst reports. Morgan Stanley downgraded Renault to an “underweight” rating in a report on Tuesday, February 3rd. Zacks Research cut Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Renault Stock Down 0.4%

RNLSY stock traded down $0.03 during trading on Thursday, reaching $6.87. The stock had a trading volume of 35,645 shares, compared to its average volume of 124,420. Renault has a 52 week low of $6.21 and a 52 week high of $10.41. The stock’s 50 day moving average is $6.84 and its two-hundred day moving average is $7.45.

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.