Short Interest in Vivopower International Plc (NASDAQ:VVPR) Increases By 204.9%

Key Points

• Short interest in Vivopower International Plc increased by 204.9% in August, rising from 380,500 shares to a total of 1,160,000 shares.
• The stock's days-to-cover ratio is currently 0.6 days, based on an average daily volume of 1,820,000 shares.
• Several hedge funds have recently modified their holdings, with institutional investors owning 15.80% of the stock, highlighting increased interest in the company.

Vivopower International Plc (NASDAQ:VVPR - Get Free Report) saw a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 1,160,000 shares, agrowthof204.9% from the July 31st total of 380,500 shares. Based on an average daily trading volume, of 1,820,000 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 1,820,000 shares, the days-to-cover ratio is presently 0.6 days.

Vivopower International Stock Performance

VVPR traded down $0.01 during trading on Friday, reaching $4.80. 322,393 shares of the company's stock were exchanged, compared to its average volume of 1,876,680. Vivopower International has a 1 year low of $0.62 and a 1 year high of $8.88. The company's fifty day simple moving average is $5.21 and its 200-day simple moving average is $4.01.

Hedge Funds Weigh In On Vivopower International

Several institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its holdings in shares of Vivopower International by 7,088.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 11,789 shares of the company's stock valued at $48,000 after purchasing an additional 11,625 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Vivopower International during the 2nd quarter valued at approximately $53,000. Legal & General Group Plc purchased a new position in shares of Vivopower International during the 2nd quarter valued at approximately $383,000. Finally, Connective Capital Management LLC purchased a new position in shares of Vivopower International during the 4th quarter valued at approximately $144,000. 15.80% of the stock is owned by hedge funds and other institutional investors.

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.