Vast Renewables Limited (NASDAQ:VSTE) Short Interest Up 448.6% in February

Vast Renewables Limited (NASDAQ:VSTE) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 416,900 shares, an increase of 448.6% from the January 31st total of 76,000 shares. Currently, 4.8% of the company’s shares are sold short. Based on an average daily volume of 3,000,000 shares, the short-interest 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 4th quarter, according to its most recent 13F 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 about 0.23% of Vast Renewables at the end of the most recent quarter. Institutional investors and hedge funds own 90.92% of the company’s stock.

Vast Renewables Stock Performance

NASDAQ:VSTE opened at $0.59 on Friday. The stock’s 50-day moving average is $0.97 and its 200-day moving average is $1.36. Vast Renewables has a 1-year low of $0.51 and a 1-year high of $11.99.

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.