VinFast Auto Ltd. (NASDAQ:VFSWW – Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 933 shares, an increase of 61.4% from the January 29th total of 578 shares. Based on an average daily trading volume, of 2,385 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 2,385 shares, the short-interest ratio is currently 0.4 days.
VinFast Auto Stock Performance
VFSWW stock traded down $0.01 during midday trading on Monday, hitting $0.14. The company’s stock had a trading volume of 1,400 shares, compared to its average volume of 3,407. The firm has a 50-day simple moving average of $0.15 and a 200-day simple moving average of $0.19. VinFast Auto has a 52-week low of $0.11 and a 52-week high of $0.40.
Institutional Investors Weigh In On VinFast Auto
An institutional investor recently raised its position in VinFast Auto stock. Wolverine Asset Management LLC boosted its stake in VinFast Auto Ltd. (NASDAQ:VFSWW – Free Report) by 100.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,476 shares of the company’s stock after acquiring an additional 84,081 shares during the period. Wolverine Asset Management LLC’s holdings in VinFast Auto were worth $35,000 as of its most recent SEC filing.
About VinFast Auto
VinFast Auto Pte. Ltd., a subsidiary of Vietnam’s Vingroup JSC, is the nation’s first major automotive manufacturer and a rapidly growing player in the global electric vehicle (EV) market. Founded in 2017 and headquartered in Hai Phong, Vietnam, the company was established with the ambition of designing, developing and producing passenger vehicles that meet international quality and safety standards. VinFast has leveraged Vingroup’s financial and industrial backing to bring its first models to market within a remarkably short timeframe, positioning itself as a pioneer among new-generation EV brands.
The company’s core business revolves around the design, engineering, production and sale of EVs, including sport utility vehicles and electric buses.
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