Renesas Electronics Co. (OTCMKTS:RNECY – Get Free Report) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 372,248 shares, a decline of 35.4% from the September 15th total of 576,406 shares. Based on an average daily trading volume, of 1,371,067 shares, the days-to-cover ratio is currently 0.3 days.
Renesas Electronics Price Performance
RNECY opened at $9.78 on Friday. The firm has a 50 day simple moving average of $10.95 and a 200 day simple moving average of $11.57. Renesas Electronics has a fifty-two week low of $5.51 and a fifty-two week high of $16.20.
About Renesas Electronics
Renesas Electronics Corporation is a Japan-based semiconductor company that develops and supplies embedded semiconductor solutions for automotive, industrial, infrastructure, and consumer applications. Its products are designed to help control, connect, sense, and power electronic systems used in vehicles, factories, appliances, communications equipment, and other devices.
The company’s portfolio includes microcontrollers, microprocessors, system-on-chip products, analog and mixed-signal semiconductors, power-management devices, connectivity solutions, and system solutions.
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