Vivopower International Plc (NASDAQ:VVPR) Sees Significant Decline in Short Interest

Key Points

• Vivopower International Plc's (NASDAQ:VVPR) short interest decreased by 42.3% in August, falling from 1,160,000 shares to 669,500 shares.
• Institutional investors are actively acquiring shares, with notable purchases including a 7,088.4% increase in stake by SBI Securities Co. Ltd. during the second quarter.
• Vivopower's stock increased by 2.2% recently, currently trading at $5.11, with a one-year range of $0.62 to $8.88.

Vivopower International Plc (NASDAQ:VVPR - Get Free Report) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 669,500 shares, a decrease of 42.3% from the August 15th total of 1,160,000 shares. Currently, 7.3% of the shares of the stock are sold short. Based on an average trading volume of 1,410,000 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 1,410,000 shares, the short-interest ratio is currently 0.5 days. Currently, 7.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On Vivopower International

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

Vivopower International Stock Down 1.6%

VVPR traded down $0.08 during trading hours on Friday, reaching $4.98. The company's stock had a trading volume of 135,798 shares, compared to its average volume of 2,828,963. The company's 50-day moving average is $5.27 and its 200-day moving average is $4.27. Vivopower International has a 52 week low of $0.62 and a 52 week high of $8.88.

About Vivopower International

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.