Microvast Holdings, Inc. (NASDAQ:MVSTW) Short Interest Update

Microvast Holdings, Inc. (NASDAQ:MVSTW) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 6,660 shares, a growth of 47.2% from the January 15th total of 4,523 shares. Based on an average daily trading volume, of 122,932 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 122,932 shares, the days-to-cover ratio is presently 0.1 days.

Microvast Trading Down 12.6%

Shares of MVSTW traded down $0.01 during mid-day trading on Friday, reaching $0.06. The company had a trading volume of 101,331 shares, compared to its average volume of 96,744. The company’s 50 day simple moving average is $0.11 and its 200 day simple moving average is $0.20. Microvast has a 1-year low of $0.05 and a 1-year high of $0.65.

Microvast Company Profile

Microvast Inc is a global developer and manufacturer of advanced lithium-ion battery technologies and energy storage solutions. The company specializes in designing, testing and producing fast-charging battery cells, modules and packs that serve a variety of industries, including electric buses, commercial trucks, passenger vehicles, micro-mobility devices, stationary storage systems and specialty applications. Microvast’s battery systems are engineered for high power density, rapid charge-discharge cycles and extended cycle life, catering to markets that require reliable performance in demanding conditions.

The company’s product suite encompasses individual battery cells, modular assemblies, fully integrated battery packs and proprietary battery management systems (BMS).