VinFast Auto Ltd. (NASDAQ:VFSWW – Get Free Report) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 1,131 shares, a growth of 24.0% from the December 31st total of 912 shares. Based on an average daily trading volume, of 4,061 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 4,061 shares, the short-interest ratio is presently 0.3 days.
Institutional Inflows and Outflows
An institutional investor recently raised its position in VinFast Auto stock. Wolverine Asset Management LLC boosted its position in shares of VinFast Auto Ltd. (NASDAQ:VFSWW – Free Report) by 100.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,476 shares of the company’s stock after purchasing an additional 84,081 shares during the period. Wolverine Asset Management LLC’s holdings in VinFast Auto were worth $35,000 at the end of the most recent reporting period.
VinFast Auto Trading Down 0.5%
Shares of NASDAQ:VFSWW opened at $0.13 on Wednesday. The business’s 50-day simple moving average is $0.16 and its 200 day simple moving average is $0.21. VinFast Auto has a one year low of $0.11 and a one year high of $0.45.
VinFast Auto Company Profile
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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