VinFast Auto Ltd. (NASDAQ:VFSWW – Get Free Report) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 619 shares, a decline of 33.7% from the February 12th total of 933 shares. Based on an average daily trading volume, of 1,204 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 1,204 shares, the short-interest ratio is currently 0.5 days.
VinFast Auto Price Performance
Shares of VFSWW traded up $0.00 during mid-day trading on Friday, reaching $0.14. 2,300 shares of the company were exchanged, compared to its average volume of 3,242. The business has a 50 day simple moving average of $0.15 and a two-hundred day simple moving average of $0.18. VinFast Auto has a 52 week low of $0.11 and a 52 week high of $0.40.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in VinFast Auto stock. Wolverine Asset Management LLC lifted its position in shares of VinFast Auto Ltd. (NASDAQ:VFSWW – Free Report) by 100.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,476 shares of the company’s stock after buying an additional 84,081 shares during the quarter. Wolverine Asset Management LLC’s holdings in VinFast Auto were worth $35,000 at the end of the most recent reporting period.
About VinFast Auto
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.
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