Short Interest in VinFast Auto Ltd. (NASDAQ:VFS) Rises By 19.9%

VinFast Auto Ltd. (NASDAQ:VFS) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 2,350,000 shares, a growth of 19.9% from the January 31st total of 1,960,000 shares. Based on an average daily trading volume, of 850,800 shares, the short-interest ratio is presently 2.8 days. Currently, 4.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in VFS. Tower Research Capital LLC TRC bought a new stake in VinFast Auto in the fourth quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of VinFast Auto in the 4th quarter valued at about $29,000. GSA Capital Partners LLP acquired a new position in VinFast Auto during the third quarter valued at approximately $44,000. Walleye Trading LLC bought a new stake in VinFast Auto in the fourth quarter valued at approximately $46,000. Finally, XTX Topco Ltd acquired a new stake in VinFast Auto in the third quarter worth $48,000.

VinFast Auto Stock Down 8.5 %

Shares of VFS stock opened at $3.24 on Thursday. The stock has a 50-day moving average price of $3.94 and a 200 day moving average price of $3.95. VinFast Auto has a 12 month low of $2.26 and a 12 month high of $6.42. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of -2.95 and a beta of 0.93.

VinFast Auto Company Profile

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.