Traders Buy Large Volume of Call Options on Microvast (NASDAQ:MVST)

Microvast Holdings, Inc. (NASDAQ:MVST) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 37,657 call options on the company. This represents an increase of 10,105% compared to the average volume of 369 call options.

Hedge Funds Weigh In On Microvast

Several institutional investors and hedge funds have recently bought and sold shares of MVST. XTX Topco Ltd purchased a new stake in shares of Microvast in the 2nd quarter valued at approximately $80,000. Vanguard Group Inc. raised its stake in shares of Microvast by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 9,690,219 shares of the company’s stock valued at $8,111,000 after acquiring an additional 164,702 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Microvast in the 1st quarter valued at approximately $195,000. Price T Rowe Associates Inc. MD raised its stake in shares of Microvast by 67.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 265,317 shares of the company’s stock valued at $223,000 after acquiring an additional 107,116 shares during the period. Finally, Tidal Investments LLC increased its stake in Microvast by 38.9% during the 1st quarter. Tidal Investments LLC now owns 526,931 shares of the company’s stock worth $441,000 after buying an additional 147,538 shares during the period. 20.72% of the stock is currently owned by institutional investors and hedge funds.

Microvast Stock Down 2.1 %

NASDAQ:MVST opened at $0.78 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.71 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average is $0.25 and its two-hundred day moving average is $0.34. Microvast has a 1-year low of $0.15 and a 1-year high of $1.55.

About Microvast

Microvast Holdings, Inc provides battery technologies for electric vehicles and energy storage solutions. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2. It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator.