RENAULT (OTCMKTS:RNLSY) Short Interest Update

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) saw 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 shares of the stock are short sold. Based on an average trading volume of 205,500 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 205,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RNLSY. Hsbc Global Res raised shares of RENAULT to a "strong-buy" rating in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of RENAULT in a research report on Friday, April 25th. 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.com, RENAULT presently has an average rating of "Buy".

RENAULT Stock Performance

OTCMKTS RNLSY remained flat at $7.76 during trading hours on Wednesday. 61,847 shares of the company traded hands, compared to its average volume of 80,753. RENAULT has a one year low of $7.1450 and a one year high of $11.20. The company's 50-day moving average is $8.41 and its 200-day moving average is $9.67.

About RENAULT

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.