Vast Renewables (NASDAQ:VSTE) Trading Down 19.1% – Here’s Why

Vast Renewables Limited (NASDAQ:VSTE) shares traded down 19.1% on Friday . The stock traded as low as $0.12 and last traded at $0.13. 4,594,714 shares traded hands during mid-day trading, an increase of 28% from the average session volume of 3,603,659 shares. The stock had previously closed at $0.16.

Vast Renewables Price Performance

The company’s 50-day moving average price is $0.30 and its two-hundred day moving average price is $0.87.

Institutional Investors Weigh In On Vast Renewables

A hedge fund recently bought a new stake in Vast Renewables stock. Virtu Financial LLC purchased a new position in Vast Renewables Limited (NASDAQ:VSTE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 90.92% of the company’s stock.

Vast Renewables Company Profile

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.