ReNew Energy Global (NASDAQ:RNWWW) Shares Up 13.5% – Time to Buy?

ReNew Energy Global Plc (NASDAQ:RNWWW) shot up 13.5% during mid-day trading on Tuesday . The stock traded as high as $0.15 and last traded at $0.15. 323 shares were traded during mid-day trading, a decline of 98% from the average session volume of 16,843 shares. The stock had previously closed at $0.13.

ReNew Energy Global Price Performance

The company has a fifty day simple moving average of $0.17 and a 200-day simple moving average of $0.24.

Institutional Trading of ReNew Energy Global

Large investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC increased its stake in shares of ReNew Energy Global by 94.0% in the fourth quarter. Wolverine Asset Management LLC now owns 191,067 shares of the company’s stock worth $31,000 after acquiring an additional 92,565 shares during the last quarter. Greenland Capital Management LP increased its stake in shares of ReNew Energy Global by 52.0% in the fourth quarter. Greenland Capital Management LP now owns 425,946 shares of the company’s stock worth $69,000 after acquiring an additional 145,742 shares during the last quarter. CSS LLC IL increased its stake in shares of ReNew Energy Global by 223.4% in the fourth quarter. CSS LLC IL now owns 683,059 shares of the company’s stock worth $111,000 after acquiring an additional 471,878 shares during the last quarter. Aristeia Capital L.L.C. increased its stake in shares of ReNew Energy Global by 85.2% in the fourth quarter. Aristeia Capital L.L.C. now owns 1,076,377 shares of the company’s stock worth $168,000 after acquiring an additional 495,094 shares during the last quarter. Finally, Highbridge Capital Management LLC increased its stake in shares of ReNew Energy Global by 65.4% in the fourth quarter. Highbridge Capital Management LLC now owns 2,398,815 shares of the company’s stock worth $391,000 after acquiring an additional 948,500 shares during the last quarter.

About ReNew Energy Global

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.