Short Interest in VinFast Auto Ltd. (NASDAQ:VFSWW) Rises By 61.4%

VinFast Auto Ltd. (NASDAQ:VFSWW) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 933 shares, an increase of 61.4% from the January 29th total of 578 shares. Based on an average daily volume of 2,385 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 2,385 shares, the days-to-cover ratio is presently 0.4 days.

VinFast Auto Trading Up 4.7%

NASDAQ:VFSWW opened at $0.16 on Friday. The company has a fifty day moving average of $0.15 and a 200 day moving average of $0.19. VinFast Auto has a 52 week low of $0.11 and a 52 week high of $0.40.

Institutional Inflows and Outflows

An institutional investor recently raised its position in VinFast Auto stock. Wolverine Asset Management LLC boosted its stake in VinFast Auto Ltd. (NASDAQ:VFSWW) by 100.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 167,476 shares of the company’s stock after acquiring 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 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.