Vast Renewables Limited (NASDAQ:VSTE) Short Interest Down 25.1% in March

Vast Renewables Limited (NASDAQ:VSTE) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 756,200 shares, a drop of 25.1% from the March 15th total of 1,010,000 shares. Approximately 5.7% of the shares of the stock are short sold. Based on an average daily volume of 4,590,000 shares, the days-to-cover ratio is currently 0.2 days.

Vast Renewables Price Performance

VSTE opened at $0.36 on Friday. The stock’s fifty day moving average is $0.46 and its 200-day moving average is $1.10. Vast Renewables has a one year low of $0.28 and a one year high of $8.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Vast Renewables stock. Virtu Financial LLC acquired a new position in Vast Renewables Limited (NASDAQ:VSTE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 39,126 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.23% of Vast Renewables at the end of the most recent reporting period. 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.