VinFast Auto Ltd. (NASDAQ:VFSWW – Get Free Report) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 618 shares, an increase of 98.1% from the November 30th total of 312 shares. Based on an average daily volume of 8,353 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 8,353 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On VinFast Auto
A hedge fund recently raised its stake in VinFast Auto stock. Wolverine Asset Management LLC lifted its holdings in shares of VinFast Auto Ltd. (NASDAQ:VFSWW – Free Report) by 100.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 167,476 shares of the company’s stock after buying 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 filing with the SEC.
VinFast Auto Stock Up 5.7%
VFSWW opened at $0.14 on Friday. VinFast Auto has a twelve month low of $0.14 and a twelve month high of $0.50. The company has a 50-day simple moving average of $0.18 and a 200 day simple moving average 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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