Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Down 77.2% in December

Renesas Electronics Co. (OTCMKTS:RNECY) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 5,400 shares, a decline of 77.2% from the November 30th total of 23,700 shares. Based on an average daily volume of 1,227,100 shares, the days-to-cover ratio is presently 0.0 days.

Renesas Electronics Price Performance

Shares of OTCMKTS RNECY traded up $0.12 during midday trading on Friday, hitting $6.54. 527,919 shares of the company traded hands, compared to its average volume of 490,147. Renesas Electronics has a 12-month low of $6.14 and a 12-month high of $10.68. The stock has a 50-day moving average price of $6.60 and a 200 day moving average price of $7.76.

Renesas Electronics (OTCMKTS:RNECY) last posted its earnings results on Thursday, October 31st. The company reported $0.11 earnings per share for the quarter. The firm had revenue of $2.32 billion for the quarter.

About Renesas Electronics

Renesas Electronics Corporation researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally. The company operates through Automotive Business and Industrial/Infrastructure/IoT Business segments. It offers microcontrollers (MCUs) and microprocessors; amplifiers, audio and video, data converters, power line communication, and switches and multiplexer products; and specific clocks, clock distribution and generation, jitter attenuators with frequency translation, and crystal oscillator, and VersaClock programmable clocks.