Renesas Electronics Co. (OTCMKTS:RNECY) Short Interest Update

by · The Markets Daily

Renesas Electronics Co. (OTCMKTS:RNECY – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 402,242 shares, a growth of 288.7% from the June 15th total of 103,484 shares. Based on an average daily volume of 1,505,902 shares, the days-to-cover ratio is presently 0.3 days.

Renesas Electronics Stock Down 1.5%

Renesas Electronics stock traded down $0.23 during trading hours on Friday, hitting $14.95. 318,094 shares of the company traded hands, compared to its average volume of 760,204. Renesas Electronics has a 1-year low of $5.50 and a 1-year high of $16.20. The firm’s 50-day simple moving average is $13.45 and its two-hundred day simple moving average is $10.03.

Renesas Electronics (OTCMKTS:RNECY – Get Free Report) last posted its quarterly earnings data on Friday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $29.82 by ($29.70). The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $373.76 billion.

Renesas Electronics Company Profile

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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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