ReNew Energy Global (NASDAQ:RNWWW) Shares Down 7.7% – Time to Sell?

ReNew Energy Global Plc (NASDAQ:RNWWW)’s share price traded down 7.7% on Thursday . The company traded as low as $0.27 and last traded at $0.30. 3,082 shares traded hands during trading, a decline of 84% from the average session volume of 19,858 shares. The stock had previously closed at $0.33.

ReNew Energy Global Stock Down 7.7 %

The stock’s fifty day moving average price is $0.35 and its 200 day moving average price is $0.42.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ReNew Energy Global stock. Privium Fund Management B.V. lifted its stake in ReNew Energy Global Plc (NASDAQ:RNWWW) by 17.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 508,575 shares of the company’s stock after acquiring an additional 75,277 shares during the quarter. Privium Fund Management B.V.’s holdings in ReNew Energy Global were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

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.