Renesas Electronics Co. (OTCMKTS:RNECF) Short Interest Down 17.6% in April

Renesas Electronics Co. (OTCMKTS:RNECF) was the target of a significant decline in short interest during 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 presently 30.4 days.

Renesas Electronics Price Performance

RNECF stock traded up $0.28 during midday trading on Monday, hitting $16.71. 1,005 shares of the company’s stock were exchanged, compared to its average volume of 11,948. The firm has a 50 day moving average price of $17.02 and a 200-day moving average price of $16.60. Renesas Electronics has a 12-month low of $13.18 and a 12-month high of $21.20.

Renesas Electronics Company Profile

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.