Renault (OTCMKTS:RNLSY) Short Interest Update

Renault (OTCMKTS:RNLSY – Get Free Report) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 8,208 shares, an increase of 557.7% from the May 14th total of 1,248 shares. Based on an average trading volume of 238,256 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Renault from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

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Renault Stock Performance

Shares of RNLSY traded down $0.13 during mid-day trading on Wednesday, hitting $6.11. 18,926 shares of the company traded hands, compared to its average volume of 128,859. Renault has a 1-year low of $6.04 and a 1-year high of $10.19. The business has a 50 day moving average of $6.83 and a 200 day moving average of $7.34.

About Renault

(Get Free Report)

Renault SA is a French multinational automobile manufacturer founded in 1899 by Louis, Marcel and Fernand Renault. Headquartered in Boulogne-Billancourt, France, the company designs, produces and distributes a wide range of passenger cars, light commercial vehicles and electric vehicles under the Renault, Dacia and Alpine brands. Renault also develops powertrains, including combustion engines and electric motors, and provides related services such as financing, leasing and fleet management.

Throughout its history, Renault has been at the forefront of automotive innovation, introducing mass-produced vehicles in the early 20th century and pioneering mass-market electric cars in the 2010s.

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