ReNew Energy Global Plc (NASDAQ:RNWWW) Sees Significant Decline in Short Interest

ReNew Energy Global Plc (NASDAQ:RNWWW) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 42,779 shares, a decrease of 17.4% from the February 26th total of 51,801 shares. Based on an average trading volume of 21,932 shares, the days-to-cover ratio is currently 2.0 days.

ReNew Energy Global Price Performance

RNWWW opened at $0.01 on Monday. The company has a fifty day moving average of $0.01 and a 200 day moving average of $0.02. ReNew Energy Global has a fifty-two week low of $0.00 and a fifty-two week high of $0.19.

ReNew Energy Global Company Profile

ReNew Energy Global Pte. Ltd. is one of India’s leading independent renewable energy companies, focusing on the development, construction and operation of clean power assets. The company’s core activities include the generation of electricity from utility-scale solar and onshore wind facilities, as well as the deployment of energy storage solutions to enhance grid stability and reliability. ReNew Energy Global also offers comprehensive engineering, procurement and construction (EPC) services along with operations and maintenance (O&M) support across its project portfolio.

Founded in 2011, ReNew Energy Global has built a diversified portfolio of power generation assets with an operational capacity exceeding 5 gigawatts.