Vast Renewables Limited (NASDAQ:VSTE) saw a sharp decrease in short interest in April, showing a change in how investors feel about the renewable energy company. As of April 15th, short interest fell to 305,900 shares, down 59.5% from 756,200 shares at the end of March.
The company’s average daily trading volume is about 4,530,000 shares, leading to a very low short-interest ratio of just 0.1 days.
This short-interest ratio tells investors how quickly short sellers could buy back shares if the stock price goes up unexpectedly. A ratio of 0.1 days means short sellers could cover their positions almost immediately, indicating that there is little negative sentiment towards Vast Renewables.
Only 2.3% of the company’s publicly available shares are sold short, which is well below the 10% mark usually linked to widespread negative feelings among investors.
The sharp drop in short interest may show that more people are feeling confident about Vast Renewables’ future, or that pessimism about the company’s short-term outlook is decreasing. Generally, a short interest below 10% is seen as a good sign, suggesting most investors don’t expect a big drop in the stock’s value soon.
Vast Renewables’ stock has remained stable in recent trading sessions, opening at $0.38 on Monday. Its fifty-day average price is $0.42. The stock has had a volatile year, ranging from a low of $0.28 to a high of $8.00, highlighting its ups and downs.
Institutional investors are still showing strong interest in Vast Renewables. Recently, Virtu Financial LLC bought 39,126 shares worth about $43,000. Now, institutional investors hold over 90% of the company’s shares, reflecting continued trust from larger market players.
As the renewable energy sector gains more attention from both retail and institutional investors, the big drop in short interest for Vast Renewables Limited shows a changing story.
Investors will watch upcoming developments and earnings reports closely to see if this trend signifies a lasting change in sentiment or just a temporary shift in trading strategies.