ReNew Energy Global Plc (NASDAQ:RNWWW) Short Interest Update

ReNew Energy Global Plc (NASDAQ:RNWWW) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 200 shares, a drop of 95.7% from the August 15th total of 4,600 shares. Based on an average daily volume of 7,000 shares, the days-to-cover ratio is presently 0.0 days.

ReNew Energy Global Stock Up 7.4 %

Shares of ReNew Energy Global stock traded up $0.03 on Thursday, hitting $0.41. The company had a trading volume of 101,071 shares, compared to its average volume of 19,506. The stock has a 50-day moving average of $0.38 and a 200-day moving average of $0.44. ReNew Energy Global has a twelve month low of $0.26 and a twelve month high of $1.14.

Hedge Funds Weigh In On ReNew Energy Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RNWWW. Cowen AND Company LLC acquired a new stake in shares of ReNew Energy Global in the 4th quarter valued at about $114,000. Fort Baker Capital Management LP acquired a new stake in ReNew Energy Global in the 4th quarter valued at approximately $129,000. Finally, Privium Fund Management B.V. lifted its stake in ReNew Energy Global by 17.4% in the 1st quarter. Privium Fund Management B.V. now owns 508,575 shares of the company’s stock valued at $254,000 after acquiring an additional 75,277 shares in the last quarter.

ReNew Energy Global Company Profile

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.