VinFast Auto Ltd. (NASDAQ:VFSWW – Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 618 shares, a growth of 98.1% from the November 30th total of 312 shares. Based on an average trading volume of 8,353 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 8,353 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Trading of VinFast Auto
An institutional investor recently raised its position in VinFast Auto stock. Wolverine Asset Management LLC raised its stake in VinFast Auto Ltd. (NASDAQ:VFSWW – Free Report) by 100.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 167,476 shares of the company’s stock after acquiring an additional 84,081 shares during the quarter. Wolverine Asset Management LLC’s holdings in VinFast Auto were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.
VinFast Auto Stock Up 5.7%
Shares of VinFast Auto stock opened at $0.14 on Monday. VinFast Auto has a 1 year low of $0.14 and a 1 year high of $0.50. The stock has a fifty day moving average price of $0.18 and a 200-day moving average price of $0.23.
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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