VinFast Auto Ltd. (NASDAQ:VFS) Sees Significant Decrease in Short Interest

VinFast Auto Ltd. (NASDAQ:VFS) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,830,000 shares, a decline of 22.1% from the February 13th total of 2,350,000 shares. Approximately 3.7% of the shares of the company are sold short. Based on an average daily volume of 854,700 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Trading of VinFast Auto

Large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in shares of VinFast Auto in the 3rd quarter valued at about $44,000. XTX Topco Ltd acquired a new position in shares of VinFast Auto in the 3rd quarter valued at about $48,000. Tidal Investments LLC raised its holdings in VinFast Auto by 30.0% in the 3rd quarter. Tidal Investments LLC now owns 172,421 shares of the company’s stock worth $659,000 after purchasing an additional 39,787 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in VinFast Auto in the 4th quarter worth about $29,000. Finally, SBI Securities Co. Ltd. acquired a new position in VinFast Auto in the 4th quarter worth about $153,000.

VinFast Auto Stock Performance

VinFast Auto stock opened at $3.28 on Monday. The business’s 50-day simple moving average is $3.80 and its two-hundred day simple moving average is $3.92. The company has a market cap of $7.67 billion, a PE ratio of -2.98 and a beta of 0.93. VinFast Auto has a fifty-two week low of $2.26 and a fifty-two week high of $6.42.

About VinFast Auto

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: Automobiles, E-scooter, and Spare Parts & Aftermarket Services. The Automobiles segment offers design, development, manufacturing, and sale of cars and electric buses, and related battery lease and battery charging services for electric cars and buses.