ReNew Energy Global Plc (NASDAQ:RNWWW) Short Interest Update

ReNew Energy Global Plc (NASDAQ:RNWWW) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 200 shares, a drop of 95.7% from the August 15th total of 4,600 shares. Based on an average daily volume of 7,000 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On ReNew Energy Global

Institutional investors have recently added to or reduced their stakes in the stock. Privium Fund Management B.V. raised its position in ReNew Energy Global by 17.4% in the 1st quarter. Privium Fund Management B.V. now owns 508,575 shares of the company’s stock valued at $254,000 after purchasing an additional 75,277 shares during the last quarter. Cowen AND Company LLC acquired a new stake in shares of ReNew Energy Global during the 4th quarter worth approximately $114,000. Finally, Fort Baker Capital Management LP bought a new stake in shares of ReNew Energy Global during the fourth quarter worth approximately $129,000.

ReNew Energy Global Price Performance

Shares of ReNew Energy Global stock traded up $0.03 during trading on Thursday, hitting $0.41. 101,071 shares of the company’s stock traded hands, compared to its average volume of 19,506. The firm’s fifty day moving average price is $0.38 and its 200 day moving average price is $0.44. ReNew Energy Global has a twelve month low of $0.26 and a twelve month high of $1.14.

ReNew Energy Global Company Profile

ReNew Energy Global Plc generates power through non-conventional and renewable energy sources in India. The company operates through two segments: Wind Power and Solar Power. It develops, builds, owns, and operates utility scale wind and solar energy, hydro energy, and utility-scale firm power projects, as well as distributed solar energy projects that generate energy for commercial and industrial customers.