VivoPower International (NASDAQ:VVPR) Stock Price Down 7.8%

Shares of VivoPower International PLC (NASDAQ:VVPR) dropped 7.8% on Friday . The company traded as low as $3.15 and last traded at $3.33. Approximately 168,925 shares changed hands during trading, a decline of 93% from the average daily volume of 2,410,417 shares. The stock had previously closed at $3.61.

VivoPower International Stock Performance

The business has a 50-day moving average of $2.40 and a two-hundred day moving average of $1.96.

Institutional Investors Weigh In On VivoPower International

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its holdings in VivoPower International by 41.4% during the fourth quarter. Renaissance Technologies LLC now owns 110,400 shares of the company’s stock valued at $27,000 after purchasing an additional 32,337 shares in the last quarter. Citadel Advisors LLC boosted its holdings in VivoPower International by 398.0% during the third quarter. Citadel Advisors LLC now owns 66,731 shares of the company’s stock valued at $49,000 after purchasing an additional 53,331 shares in the last quarter. Finally, Armistice Capital LLC boosted its holdings in VivoPower International by 34.8% during the fourth quarter. Armistice Capital LLC now owns 1,916,895 shares of the company’s stock valued at $472,000 after purchasing an additional 495,136 shares in the last quarter. 15.80% of the stock is owned by institutional investors and hedge funds.

VivoPower International Company Profile

VivoPower International PLC, together with its subsidiaries, operates as a sustainable energy solutions company in Australia, Canada, the Netherlands, the United Kingdom, the United States, the Philippines, and the United Arab Emirates. It operates through Critical Power Services, Electric Vehicles, Sustainable Energy Solutions, and Solar Development segments.