Short Interest in Vast Renewables Limited (NASDAQ:VSTE) Drops By 40.5%

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

Vast Renewables Price Performance

Shares of Vast Renewables stock opened at $0.51 on Friday. The firm has a 50 day simple moving average of $0.82 and a 200 day simple moving average of $1.26. Vast Renewables has a fifty-two week low of $0.43 and a fifty-two week high of $11.99.

Institutional Trading of Vast Renewables

An institutional investor recently bought a new position in Vast Renewables stock. Virtu Financial LLC bought a new position in shares of Vast Renewables Limited (NASDAQ:VSTE) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 39,126 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned 0.23% of Vast Renewables at the end of the most recent quarter. Hedge funds and other institutional investors own 90.92% of the company’s stock.

Vast Renewables Company Profile

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.