Renesas Electronics Co. (OTCMKTS:RNECY) Sees Large Drop in Short Interest

Renesas Electronics Co. (OTCMKTS:RNECY) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 148,200 shares, a decrease of 14.1% from the March 31st total of 172,600 shares. Based on an average daily trading volume, of 1,828,700 shares, the days-to-cover ratio is presently 0.1 days.

Renesas Electronics Trading Up 0.1 %

RNECY stock opened at $8.26 on Monday. Renesas Electronics has a fifty-two week low of $6.28 and a fifty-two week high of $10.25. The business’s fifty day moving average price is $8.51 and its two-hundred day moving average price is $8.30.

Renesas Electronics (OTCMKTS:RNECY) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.12 earnings per share for the quarter. The business had revenue of $2.45 billion during the quarter.

Renesas Electronics Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, April 11th were paid a $0.0923 dividend. The ex-dividend date of this dividend was Tuesday, April 9th.

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.