Renault (OTCMKTS:RNLSY) Short Interest Update

Renault (OTCMKTS:RNLSY) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 8,208 shares, an increase of 557.7% from the May 14th total of 1,248 shares. Based on an average trading volume of 238,256 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut shares of Renault from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Renault has an average rating of “Reduce”.

Renault Stock Down 2.0%

Shares of RNLSY traded down $0.13 during trading hours on Wednesday, reaching $6.11. 18,926 shares of the company traded hands, compared to its average volume of 128,859. Renault has a 12-month low of $6.04 and a 12-month high of $10.19. The stock’s fifty day moving average price is $6.83 and its 200 day moving average price is $7.34.

Renault Company Profile

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.