VinFast Auto Ltd. (NASDAQ:VFSWW) Stock Short Interest Falls 90.4%

VinFast Auto Ltd. (NASDAQ:VFSWW) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 228 shares, a decrease of 90.4% from the September 30th total of 2,364 shares. Based on an average daily volume of 4,099 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On VinFast Auto

An institutional investor recently bought a new stake in VinFast Auto stock. Tidal Investments LLC acquired a new stake in VinFast Auto Ltd. (NASDAQ:VFSWW) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 433,985 shares of the company’s stock, valued at approximately $156,000.

VinFast Auto Price Performance

Shares of NASDAQ VFSWW remained flat at $0.18 during mid-day trading on Tuesday. The firm’s 50 day moving average is $0.23 and its 200-day moving average is $0.27. VinFast Auto has a 52 week low of $0.11 and a 52 week high of $0.58.

About VinFast Auto

VinFast Auto Ltd. is a Vietnamese automotive company focused on the development, manufacture and sale of electric vehicles. Its product lineup includes electric cars and sport utility vehicles, as well as electric scooters, buses and related battery products. The company also supports its vehicles through charging infrastructure, service centers and other customer services.

Founded in 2017, VinFast is part of the Vingroup ecosystem and has expanded its operations beyond Vietnam. The company serves customers in Vietnam and has pursued international growth in markets including the United States, Canada and Europe.