Renesas Electronics Co. (OTCMKTS:RNECY – Get Free Report) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 271,337 shares, a growth of 665.8% from the August 15th total of 35,431 shares. Based on an average daily trading volume, of 942,683 shares, the short-interest ratio is presently 0.3 days.
Renesas Electronics Trading Up 1.7%
Shares of RNECY opened at $10.56 on Friday. Renesas Electronics has a 1-year low of $5.50 and a 1-year high of $16.20. The company has a 50-day moving average of $11.72 and a 200 day moving average of $11.07.
About Renesas Electronics
Renesas Electronics (OTCMKTS:RNECY) is a global semiconductor manufacturer specializing in microcontrollers, system-on-chip (SoC) devices, analog and power management solutions. The company’s products are designed to address a wide range of applications in automotive electronics, industrial automation, consumer devices, and communications infrastructure. Renesas leverages its expertise in embedded processing and mixed-signal technologies to deliver integrated solutions that help customers reduce development time and improve energy efficiency.
The company’s product portfolio includes 32-bit and 16-bit microcontrollers, application processors, analog and power discrete devices, and sensor interface ICs.
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