Vast Renewables Limited (NASDAQ:VSTE) Sees Significant Decrease in Short Interest

Vast Renewables Limited (NASDAQ:VSTE) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 248,200 shares, a drop of 40.5% from the February 13th total of 416,900 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average trading volume of 2,310,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of 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) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 and Exchange Commission (SEC). 90.92% of the stock is owned by hedge funds and other institutional investors.

Vast Renewables Stock Performance

Shares of Vast Renewables stock opened at $0.51 on Monday. Vast Renewables has a fifty-two week low of $0.43 and a fifty-two week high of $11.99. The company’s 50 day moving average price is $0.82 and its two-hundred day moving average price is $1.26.

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.