VinFast Auto Ltd. (NASDAQ:VFS) Short Interest Update

VinFast Auto Ltd. (NASDAQ:VFS) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 2,500,000 shares, anincreaseof442.7% from the June 30th total of 460,700 shares. Based on an average daily trading volume, of 529,100 shares, the short-interest ratio is currently 4.7 days. Approximately5.0% of the company’s stock are sold short. Approximately5.0% of the company’s stock are sold short. Based on an average daily trading volume, of 529,100 shares, the short-interest ratio is currently 4.7 days.

Institutional Investors Weigh In On VinFast Auto

Several large investors have recently made changes to their positions in the company. Tidal Investments LLC raised its stake in VinFast Auto by 10.9% during the fourth quarter. Tidal Investments LLC now owns 191,130 shares of the company’s stock valued at $770,000 after purchasing an additional 18,709 shares in the last quarter. Mariner LLC increased its holdings in shares of VinFast Auto by 84.2% in the 4th quarter. Mariner LLC now owns 24,666 shares of the company’s stock worth $99,000 after buying an additional 11,277 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of VinFast Auto during the 4th quarter valued at about $51,000. Walleye Trading LLC purchased a new stake in shares of VinFast Auto during the 4th quarter valued at about $46,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of VinFast Auto in the 4th quarter valued at about $26,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on VFS shares. Chardan Capital restated a “buy” rating and set a $5.50 price target on shares of VinFast Auto in a report on Monday, July 7th. Cantor Fitzgerald restated an “overweight” rating and set a $6.00 price objective on shares of VinFast Auto in a research note on Tuesday, June 10th. Finally, BTIG Research cut shares of VinFast Auto from a “buy” rating to a “neutral” rating in a report on Friday, April 25th.

VinFast Auto Price Performance

Shares of NASDAQ:VFS opened at $3.39 on Friday. The company has a market capitalization of $7.93 billion, a P/E ratio of -2.42 and a beta of 0.91. VinFast Auto has a 1-year low of $2.56 and a 1-year high of $5.38. The firm’s 50 day simple moving average is $3.52 and its two-hundred day simple moving average is $3.50.

VinFast Auto (NASDAQ:VFS) last announced its quarterly earnings data on Monday, June 9th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.10). The firm had revenue of $677.89 million during the quarter, compared to analyst estimates of $21,843.17 billion. On average, sell-side analysts anticipate that VinFast Auto will post -1.06 earnings per share for the current fiscal year.

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.