Short Interest in Microvast Holdings, Inc. (NASDAQ:MVSTW) Grows By 149.0%

Microvast Holdings, Inc. (NASDAQ:MVSTW) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 71,200 shares, a growth of 149.0% from the February 28th total of 28,600 shares. Based on an average daily volume of 172,000 shares, the days-to-cover ratio is currently 0.4 days.

Microvast Stock Down 13.7 %

MVSTW stock traded down $0.03 during midday trading on Friday, hitting $0.16. The company’s stock had a trading volume of 12,859 shares, compared to its average volume of 113,058. The company’s fifty day moving average price is $0.27 and its 200 day moving average price is $0.18. Microvast has a twelve month low of $0.02 and a twelve month high of $0.54.

Microvast Company Profile

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.