Vast Renewables (NASDAQ:VSTE) Shares Down 0.7% – Time to Sell?

Vast Renewables Limited (NASDAQ:VSTE)’s share price dropped 0.7% during trading on Friday . The company traded as low as $0.60 and last traded at $0.61. Approximately 413,262 shares changed hands during trading, a decline of 80% from the average daily volume of 2,041,172 shares. The stock had previously closed at $0.62.

Vast Renewables Trading Down 0.7 %

The business has a fifty day moving average of $1.04 and a 200 day moving average of $1.40.

Hedge Funds Weigh In On Vast Renewables

A hedge fund recently bought a new stake in Vast Renewables stock. Virtu Financial LLC purchased a new position in shares of Vast Renewables Limited (NASDAQ:VSTE) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 39,126 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned 0.23% of Vast Renewables as of its most recent filing with the Securities & Exchange Commission. 90.92% of the stock is owned by institutional investors and hedge funds.

About Vast Renewables

Vast Renewables Ltd. is a renewable energy company, which develops concentrated solar thermal power (CSP) energy systems, dispatchable power, and heat and green fuels. Its projects include Utility-Scale Reference Plant, Solar Methanol Demonstration Plant, Hybrid Commercial Plant, and Battery Energy Storage System.