Short Interest in Vast Renewables Limited (NASDAQ:VSTE) Expands By 306.9%

Vast Renewables Limited (NASDAQ:VSTE) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 1,010,000 shares, an increase of 306.9% from the February 28th total of 248,200 shares. Currently, 7.6% of the company’s stock are short sold. Based on an average daily trading volume, of 5,460,000 shares, the short-interest ratio is presently 0.2 days.

Vast Renewables Stock Down 3.7 %

Shares of Vast Renewables stock opened at $0.32 on Friday. Vast Renewables has a 12-month low of $0.31 and a 12-month high of $11.99. The stock has a 50 day moving average price of $0.66 and a two-hundred day moving average price of $1.20.

Institutional Trading of Vast Renewables

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

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.