Short Interest in Renesas Electronics Co. (OTCMKTS:RNECY) Drops By 39.0%

Renesas Electronics Co. (OTCMKTS:RNECY) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 93,584 shares, a decrease of 39.0% from the March 15th total of 153,403 shares. Based on an average daily volume of 1,011,131 shares, the short-interest ratio is presently 0.1 days.

Renesas Electronics Trading Up 7.3%

Shares of OTCMKTS:RNECY opened at $8.74 on Wednesday. Renesas Electronics has a 12 month low of $5.36 and a 12 month high of $10.10. The firm’s 50-day moving average is $8.42 and its 200 day moving average is $7.24.

Renesas Electronics Company Profile

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.