Short Interest in Renesas Electronics Co. (OTCMKTS:RNECF) Declines By 17.6%

Renesas Electronics Co. (OTCMKTS:RNECF) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,432,900 shares, a decline of 17.6% from the March 31st total of 1,739,100 shares. Based on an average trading volume of 47,100 shares, the days-to-cover ratio is currently 30.4 days.

Renesas Electronics Stock Performance

RNECF stock opened at $16.71 on Tuesday. The company’s 50 day simple moving average is $17.03 and its 200-day simple moving average is $16.61. Renesas Electronics has a 52-week low of $13.18 and a 52-week high of $21.20.

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.