Renault (OTCMKTS:RNLSY) Short Interest Down 76.1% in June

Renault (OTCMKTS:RNLSY) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,962 shares, a decrease of 76.1% from the May 31st total of 8,208 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 416,762 shares, the short-interest ratio is currently 0.0 days.

Renault Price Performance

RNLSY opened at $5.85 on Friday. The stock’s 50 day moving average price is $6.60 and its 200-day moving average price is $7.18. Renault has a 52-week low of $5.83 and a 52-week high of $9.76.

Analysts Set New Price Targets

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

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.