ReNew Energy Global Plc (NASDAQ:RNW) Short Interest Down 50.1% in January

ReNew Energy Global Plc (NASDAQ:RNW) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 2,200,000 shares, a decline of 50.1% from the December 31st total of 4,410,000 shares. Based on an average daily volume of 1,130,000 shares, the short-interest ratio is presently 1.9 days. Currently, 1.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RNW. Van ECK Associates Corp boosted its holdings in shares of ReNew Energy Global by 58.1% in the 3rd quarter. Van ECK Associates Corp now owns 12,278 shares of the company’s stock worth $72,000 after buying an additional 4,513 shares during the last quarter. SG Americas Securities LLC purchased a new stake in ReNew Energy Global during the fourth quarter valued at about $75,000. Robeco Institutional Asset Management B.V. lifted its holdings in ReNew Energy Global by 23.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 12,672 shares of the company’s stock valued at $80,000 after purchasing an additional 2,379 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in ReNew Energy Global by 12.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 15,187 shares of the company’s stock valued at $95,000 after purchasing an additional 1,709 shares during the last quarter. Finally, Quantbot Technologies LP lifted its holdings in ReNew Energy Global by 454.7% during the third quarter. Quantbot Technologies LP now owns 15,788 shares of the company’s stock valued at $99,000 after purchasing an additional 12,942 shares during the last quarter. 43.56% of the stock is owned by institutional investors.

ReNew Energy Global Trading Down 0.4 %

NASDAQ RNW traded down $0.03 during mid-day trading on Thursday, reaching $6.55. 349,023 shares of the stock were exchanged, compared to its average volume of 1,271,795. ReNew Energy Global has a one year low of $5.15 and a one year high of $7.49. The stock has a 50 day simple moving average of $6.63 and a 200-day simple moving average of $6.12. The stock has a market cap of $2.37 billion, a P/E ratio of 109.10 and a beta of 0.90. The company has a debt-to-equity ratio of 4.51, a current ratio of 0.65 and a quick ratio of 0.64.

About ReNew Energy Global

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.