Renault (OTCMKTS:RNLSY) Short Interest Up 259.6% in July

Key Points

• Short interest in Renault (RNLSY) surged by 259.6% in July, rising from 5,700 shares to 20,500 shares, indicating increased investor skepticism.
• Hsbc Global Research upgraded Renault's rating to "strong-buy," while Deutsche Bank maintained a "hold" rating, reflecting divided analyst opinions on the company's performance.
• The current share price of Renault is $7.55, with a 12-month range between $7.15 and $11.20, highlighting its recent volatility in the market.

Renault (OTCMKTS:RNLSY - Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 20,500 shares, anincreaseof259.6% from the July 15th total of 5,700 shares. Approximately0.0% of the company's stock are short sold. Based on an average daily volume of 205,500 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 205,500 shares, the short-interest ratio is currently 0.1 days. Approximately0.0% of the company's stock are short sold.

Renault Trading Up 2.6%

Shares of Renault stock traded up $0.20 during trading hours on Tuesday, reaching $7.76. The company's stock had a trading volume of 62,847 shares, compared to its average volume of 41,652. The company's 50 day simple moving average is $8.51 and its 200 day simple moving average is $9.70. Renault has a one year low of $7.1450 and a one year high of $11.20.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Renault in a report on Friday, April 25th. Hsbc Global Res raised shares of Renault to a "strong-buy" rating in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy".

Renault Company Profile

Renault SA engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas. It also engages in the design and production of parts and equipment used for manufacturing and operation vehicles. The company operates through Automotive, Sale Financing, and Mobility Services segments.