VinFast Auto Ltd. (NASDAQ:VFSWW) Sees Large Increase in Short Interest

VinFast Auto Ltd. (NASDAQ:VFSWW) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 933 shares, a growth of 61.4% from the January 29th total of 578 shares. Based on an average trading volume of 2,385 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 2,385 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in VinFast Auto stock. Wolverine Asset Management LLC grew its stake in shares of VinFast Auto Ltd. (NASDAQ:VFSWW) by 100.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 167,476 shares of the company’s stock after buying an additional 84,081 shares during the period. Wolverine Asset Management LLC’s holdings in VinFast Auto were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

VinFast Auto Trading Up 4.7%

VFSWW stock traded up $0.01 during midday trading on Friday, hitting $0.16. 1,400 shares of the company traded hands, compared to its average volume of 3,407. The business has a 50 day simple moving average of $0.15 and a 200-day simple moving average of $0.19. VinFast Auto has a twelve month low of $0.11 and a twelve month high of $0.40.

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.