Vast Renewables Limited (NASDAQ:VSTE) Short Interest Up 306.9% in March

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Vast Renewables stock. Virtu Financial LLC bought a new stake in shares of Vast Renewables Limited (NASDAQ:VSTE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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. Hedge funds and other institutional investors own 90.92% of the company’s stock.

Vast Renewables Stock Performance

NASDAQ:VSTE opened at $0.33 on Friday. Vast Renewables has a fifty-two week low of $0.32 and a fifty-two week high of $11.99. The company has a fifty day moving average of $0.68 and a two-hundred day moving average of $1.20.

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.