VinFast Auto Ltd. (NASDAQ:VFSWW – Get Free Report) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 1,583 shares, an increase of 155.7% from the February 26th total of 619 shares. Based on an average trading volume of 1,305 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 1,305 shares, the days-to-cover ratio is currently 1.2 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in VinFast Auto stock. Wolverine Asset Management LLC boosted its stake in VinFast Auto Ltd. (NASDAQ:VFSWW – Free Report) by 100.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 quarter.
VinFast Auto Trading Down 5.6%
Shares of VFSWW opened at $0.17 on Wednesday. The business’s 50-day moving average is $0.14 and its 200-day moving average is $0.18. VinFast Auto has a fifty-two week low of $0.11 and a fifty-two week 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.
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