VinFast Auto Ltd. (NASDAQ:VFSWW) Short Interest Down 48.9% in January

VinFast Auto Ltd. (NASDAQ:VFSWW) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 578 shares, a decrease of 48.9% from the January 15th total of 1,131 shares. Based on an average daily volume of 2,146 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 2,146 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On VinFast Auto

An institutional investor recently raised its position in VinFast Auto stock. Wolverine Asset Management LLC increased its holdings in VinFast Auto Ltd. (NASDAQ:VFSWW) by 100.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,476 shares of the company’s stock after purchasing 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 and Exchange Commission (SEC).

VinFast Auto Stock Up 3.7%

Shares of NASDAQ VFSWW opened at $0.13 on Friday. The firm’s fifty day moving average is $0.16 and its 200 day moving average is $0.20. VinFast Auto has a 52 week low of $0.11 and a 52 week high of $0.40.

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.